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Reply #3: Where does that leave future USDA backed mortgages? [View All]

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mwooldri Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-23-11 10:12 PM
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3. Where does that leave future USDA backed mortgages?
We got our mortgage backed through the USDA - and frankly it was the only way I could see how to get us a home. USDA mortgages pay for 100% of the house, no downpayment required.

Given that a lot of Republican support is in rural areas, if FHA backed mortgages are touched then something will have to give with the USDA mortgages.
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