USDA
What are USDA loans and how do I qualify?
USDA Loans?!
A USDA loan is a home loan guaranteed by the United States Department of Agriculture. Being backed by the government allows USDA loans to have lower interest rates and lower down payment requirements than conventional loans.
USDA Home Loans Are Zero-Down-Payment Mortgage Loans For Rural Homebuyers.
The USDA home mortgage loan is a zero down payment mortgage loan for qualified rural homebuyers. The USDA Rural Development Guaranteed Housing Loan Program is who issues USDA home loans.
They are primarily for borrowers who are within a lower income bracket and may not qualify get traditional mortgages.
The U.S. Department of Agriculture mortgage program has one of the government’s less-known mortgage loan assistance programs, the USDA loan. These loans are perfect for those who feel right at home in nature.
This program’s intent is to improve the economy and quality of life in the rural American areas. It provides low interest rates and no down payments to borrowers.
To see if you qualify for a USDA mortgage contact us today. We’re happy to help with your first or next mortgage.
- No down Payment
- Lower-Than-Market Interest Rate
- Low Monthly Private Mortgage Insurance
- Flexible Credit Guideline
