One government-backed loan that doesn't get a lot of attention, but features a number of great benefits, is the United States Department of Agriculture (USDA) Rural Development Guaranteed Home Loan. According to their website, the USDA provides approved lenders a 90% loan guarantee so that they in turn can offer rural homebuyers of, "low and [...]
If you are a first-time buyer worrying you might not be accepted or qualify for a loan of this variety, know the USDA Rural Housing program can be utilized by first-timers and recurring buyers alike. There is also no maximum loan size with USDA. With a proven ability to save and make timely payments, your amount will only be limited by your own financial actions, past and present.