Meet Brandon And Mariya
- They’re First Time Home Buyers
- They Don’t Have Any Money For A Down Payment
- They Both Have Low To Moderate Income
- They’re Interested In Buying (Or Building) In An Eligible “Rural Area”
- This Includes Many Areas Close To The City (Known As Suburban Areas)
We Make The Home Buying Process As Smooth As Possible
What Is A USDA Loan?
A USDA home loan (also known as a Rural Development Loan) is a no-down-payment mortgage for low- and moderate-income homebuyers in largely rural areas. This is a national program created by the United States Department of Agriculture to help fund loans for first-time homebuyers or people who don’t meet conventional mortgage requirements.
The benefits of a USDA mortgage include no down payment and looser credit requirements for borrowers. It is important to note that the property must be located in a USDA-approved area, and there are some borrower income limits.
USDA Loan Key Takeaways:
- Lower Mortgage Insurance than FHA Loans
- 0% Down Payment Required.
- There Is A One-Time USDA Guarantee Fee That Can Be Included In Loan Financing
- Single Family Homes, New Construction, Modular Homes, Planned Unit Developments, and Some Condominiums are considered Eligible Properties.
Other requirements and conditions apply
A USDA Loan Might Be Right For You:
- If This Is Your First Time Buying A Home, Or Even If You’re A Repeat Homebuyer
- You Don’t Have Money Saved For A Down Payment
- You’re Considering Buying Or Building In An Eligible “Rural Area”
- You Have Low To Moderate Income
- You Are Not Planning On Producing Income From The Property
What Are Our Customers Saying?