Think you can't find a lender willing to make one of those wacky home-mortgage loans? Try the USDA.
The Wall Street Journal reports the Ag loan program, intended to help rural home byers, allows borrowers to finance more than 100% of the home price.
Friday, December 19, 2008
USDA Going Sub-Prime -- on Mortgages, Not Beef
Think you can't find a lender willing to make one of those wacky home-mortgage loans? Try the USDA.
The Wall Street Journal reports the Ag loan program, intended to help rural home byers, allows borrowers to finance more than 100% of the home price.
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