With all of the loan programs and the tough real estate economy that faces us, it is no doubt that buyers are now looking deeper into financing options. FHA Loans, VA Loans and South Carolina State Housing loans are taking over as a staple in financing. Even though these loan programs are slightly different than conventional home loans, sellers are willing to do what they must to fit into these programs.
One of the newest programs is the USDA Rural Housing program in which select properties are eligible for 100% financing. If you are taking this program into consideration you will need to search for a home that qualifies for this program. As always, speak to your lender for specific requirements and get approval before you even start looking for a home. Once you know the qualifications you can search the USDA website (by address or map) to see if the property falls within eligibility boundaries.
If you are a mortgage broker and service these loans you may comment below and leave your information for everyone that reads this Columbia SC Real Estate blog.
Here is a link to cross reference and search for properties for sale in Columbia SC