If you're tight on funds for a down payment, make sure you know about 0% Down USDA Loans. I've spoke to a lot of buyers who didn't know they existed. Basically, these loans are designed for more rural areas, but homes can be in town, not just out in the country. For Hendricks County, most of the county is eligible other than Brownsburg, Avon, and Plainfield. At the time of this blog they will lend to those with credit scores as low as 600, but they will consider your whole financial picture when qualifying you. I work with several lenders that do a lot of USDA loans, so if a 0% down option is what you need please contact me and we can talk about all your options.
