100% financing through the USDA Rural Development program

100% financing program is available if you are looking to buy or refinance a single family home in a rural area designated by the USDA.  You would be surprised at some of the areas that are designated "rural" for the sake of this program.  See below link for these areas AND to enter your property address to see if eligible.

With the limited resource of available programs right now, especially no money down.. this is huge, and it's a great loan.

Some key features of this program include:
-  No private mortgage insurance (pmi).  This is huge!
Also, VA loans have a funding fee, and this program has a Guaranteed Fee that can also be financed into the loan.
- 6% seller help/credit is allowed
- No minimum contribution from your own funds.  FHA has a 3.5% downpayment requirement and your typical conventional loan requires cash reserves.  This program requires neither.
- This program offers a fixed rate option for a one unit, primary residence.  Maximum loan amount is $417,000. 

See if your property is eligible, and considered in a rural area.
All of Delaware is eligible for this program.  In my home state of Maryland, there are 9 counties completely eligible and the rest have parts that are eligible... even in my densely populated area of Montgomery County.

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