No Down Payment Homes Cookeville,TN; Rural Development Eligible Area
By Bill McDonald, VA, USDA, FHA Government Loans - (865) 686-8711
(VanDyk Mortgage Corporation)
The USDA Cookeville Rural Development loan program helps home buyers in eligible areas purchase a home without having to have a down payment, they can finance 100% of the price of the home. RD loans, as they are commonly referred to, has relaxed underwriting requirements regarding past credit issues, as well as relaxed debt to income restrictions for those with higher credit scores. The Cookeville Rural Development program is only for homes in designated rural areas, outside of population centers such as Cookeville. Although homes within the city limits of Cookeville are not Rural Development eligible, you do not need to go far outside the city limits to be in an eligible area. Below is a map of the eligible areas around Cookeville TN. The areas shaded yellow are not eligible while li...
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