It was announced last week that USDA Rural Development will begin funding for their very popular RD Loans. This is fantastic news for current prospective home buyers in the Traverse City region and all of Northern Michigan that RD loans are available once again! The Rural Development loans have been very popular for first time home buyers and low-middle income families for financing a home purchase in the Traverse City - Leelanau County area. It allows buyers the ability to buy a home with 100% financing as opposed to other loan programs that require a minimum of a 3.5% down payment. Please contact Oltersdorf Realty with any questions that you might have regarding this financing option!
-Jonathan Oltersdorf
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