Which Government Backed Home Loan Is Best Suited For Purchasing My New Home? If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home. The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used. The VA and USDA Loans do not require mortgage Insurance but have a funding fee that is financed into the loan. The USDA funding fee is currently 3.5% but expected to rise with the growing number of defaults. The VA fundin... 08/01/2011

Bedrooms: 3 Bathrooms: 2 Type: Single Family Price: $1200 Subdivision: Keene Park 3 bedroom 2.5 bath with 1 car garage and fenced yard. Close to West Bay Drive in Largo. Available January 2009. More info: Largo Rental PropCo Real Estate Inc 727-585-0800 PropCo Real Estate 01/16/2009