USDA : YES to buy a home

USDA provides 100% Financing for more people than you think.  The bad thing is most people dont know anything about this AWESOME PROGRAM!

CLICK Here to see if your home or potential home qualifies.

What is a USDA Loan?

The USDA Loan program is a no-down payment mortgage loan offered by the United States Department of Agriculture Rural Development. They partner with approved local lenders to extend 100% financing opportunities to eligible families living in rural areas for the purchase of a home. While areas that qualify for USDA loans are typically defined as “rural,” many smaller communities that lie just outside major metropolitan areas can qualify. The USDA program is commonly used in towns with a population of 25,000 or less.

USDA Loans are not limited to first time homebuyers. Eligible property types include existing homes, new construction, modular homes, Planned Unit Developments (PUD’s), eligible condominiums and new manufactured homes. Eligible repairs and improvements may be included in the loan.

What Are the USDA Loan Requirements?

Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located. USDA Loans have flexible credit requirements. Non-traditional credit histories such as a history of paying utility or car insurance bills on time may be accepted.