2. USDA Loans
The Department of Agriculture Rural Development offers loans for buying houses outside of urban areas. These loans that ranks second on our list of ways to buy a house with bad credit and no money down are very popular and they don’t only apply to farmland. It is mainly intended for first-time buyers who have a steady income. You won’t have to pay mortgage insurance on these loans, but an upfront fee of 2% ( which can be rolled into the loan) is necessary. To learn more visit the USDA website.
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