USDA Loans

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.

Related Topics:          What are the Pre-payment requirements, (e.g., FHA, VA, USDA)?                Loan Limits on Types of Loans                What are Assumable Loans                What is Debt to Income Ratio and how is DTI calculated 

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