When you are shopping for a home in a rural area or a small town with a population of less than 25,000 in Iowa or Illinois the home may be eligible for 100% financing through USDA. With USDA financing there are some property and income guidelines that must be followed, but don’t let this discourage you from asking your Loan Originator at Peoples Advantage Mortgage about the program. The great thing about USDA financing is that it does not have monthly mortgage insurance, however that is about to change in fall of 2011. Contact us today to take advantage of 100% financing with no monthly mortgage insurance. Stay posted to the blog about the changes coming in the fall.