You can own a home with little or no out of pocket expenses.  This is true with a USDA Rural loan. I would like to take this opportunity to discuss some of the highlights of this fantastic program. 100%, no money down financing – with NO monthly mortgage insurance! Buyers can even finance more than the purchase price (to cover closing costs and cosmetic repairs) up to the appraised value of the property. There are household income limits ($73,600 for 1-4 member families and $97,150 for 4-8 member families). However, applicable deductions may allow families with higher incomes to qualify. Properties must fall in USDA Rural approved areas. You can e-mail me or use the form below and I will verify addresses for you. Charleston County is mostly ineligible (with the exception of a small area on Johns Island) and much larger parts of Berkley & Dorchester counties are eligible (see map). Homes must meet minimum FHA standards (though an FHA appraisal is not required), and in ground pools are not allowed. The program is primarily for first time home buyers. If the buyer owns another home locally they will not be eligible unless we can show the existing home is unfit (2 bedroom for 5 member family, older home requiring repairs, etc.). Contact me at 843-834-3027 or email mitchmelton@homesc.com for more information on this program and others such as SCSHA assistance. Home ownership may be easier than you thank. The first step is to get Pre-approval  for a loan.