The rural housing loan is a federal loan program that is used to help low income borrowers to purchase homes in rural areas. USDA Loans are for non-farm homeowners in rural areas and are also for rural housing development.
The United States Department of Agriculture’s (USDA) Rural Housing Service guarantees loans up to 100% financing for qualified customers living in rural areas around the country.
If you don’t qualify for a conventional home loan, and are considering a home purchase in a rural area, it pays to speak with a USDA Rural Home Loan expert. We’ll help you explore the many advantages of this unique type of loan.
We are a direct lender with in-house underwriting for faster, more efficient customer service. For decades, we have helped thousands of people achieve their refinancing and home buying dreams.
Our firm specializes in offering lending choices that fit your requirements. We are able to approve and close loans rapidly because of our extensive experience and expertise with loans.
USDA Home Loan Benefits:
- 100% Financing Available – No down payment required.
- Low monthly mortgage insurance – you may qualify for a larger loan.
- Flexible credit and qualifying guidelines.
- No maximum purchase price limit.
- Closing costs can come from any source, including gifts.
- Repairs and improvements can be included in the loan.
- Competitive fixed 30-year rates.
The benefits of us:
- 100% financing options available
- Thin or alternate credit allowed
- Low monthly insurance
- No maximum sales limit price
Loans are granted based on:
Property Eligibility: Homes must be located in an eligible area
- Borrower(s) Income Eligibility: Borrower(s)/household income meets program guidelines
- Acceptable Credit History: Borrower(s) credit history should reflect a willingness to meet financial obligations.
- Public records and/or collections do not automatically negate a borrower from a USDA loan, additional documentation will be required.
Your path to homeownership starts here. Contact us today at (561) 123-1234 to learn more about our USDA rural development loans and find out whether the program is right for you.