- No down payment – 100% financing in St Tammany
- No penalty for pre-payment
- Maximum income limits apply
- All of St Tammany Parish is now eligible
- Less up front cash required vs. FHA loans
- 640 Minimum Credit Score
This is a great loan option for Buyers looking to purchase a home. Why continue renting when you can own a home for less than your monthly rent payment?
No Down Payment Financing in Slidell, Mandeville, Covington, Madisonville, Pearl River, Abita Springs, and Lacombe
Rural Development Financing is a mortgage program that allows buyers to purchase a home with no down payment. All areas of Slidell, Mandeville, and Covington are now eligible for no down payment financing.
Recent changes to the Rural Development Mortgage Loan Financing Program have expanded the areas eligible for 100% financing. No down payment financing in Slidell, Mandeville, and Covington is now available. Certain areas of these communities were previously ineligible. At this time all communities in St Tammany Parish are eligible for no down payment financing through the Rural Development Program. Eligible areas include all of Slidell, Pearl River, Lacombe, Madisonville, Abita Springs, Covington, and Mandeville.
Find out if a particular property will qualify for no down payment financing. Complete our pre-approval request form at the bottom of this page.
Do you still have questions about the Rural Development Mortgage Loan Program? Click here for more information on Rural Development and other Mortgage Loan Programs.