USDA stands for U.S Department of Agriculture. USDA loan is a type of mortgage that is available in Rural areas and are more favorable towards people with less Income. The program may offers 0% down payment to eligible borrowers with lenient underwriting guidelines. These loans are guaranteed by the USDA.
The Section 502 Guaranteed Loan Program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.
Eligible applicants may purchase, build, rehabilitate, improve or relocate a dwelling in an eligible rural area with 100% financing. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural home buyers –
No money down for those who qualify! Apply today.