Program of the Week: Rural Housing

There is really only one bad thing about the Rural Housing loan and it's that you have to live out in the boonies, meaning outside of Logan. In reality I do not consider Hyde Park, Smithfield, and Nibley as the "boonies" and yet those places would qualify for Rural Housing. This is truly a spectacular loan for a variety of reasons. It is 100% financing, the interest rates are typically lower than conventional home loans, and my favorite part: No mortgage insurance!! Yes...that is correct..No mortgage insurance!! This means that a borrower could purchase a home with no money down and have a monthly payment that is cheaper than what any other loan program can offer. So, if you don't have money for a downpayment and want to live outside of Logan, I highly recommend the Rural Housing Loan.