HOME LOANS
If you have your heart set on a home outside the rush and crowds of city life, there are government loan programs that can help make your dream a reality. The United States Department of Agriculture (USDA) Rural Development’s housing programs are geared to individuals and families looking to purchase a home in a rural area — even for those buyers with very low to moderate income. With benefits such as no down payment and favorable rates and terms, guaranteed loans are available to qualifying applicants who would not otherwise be able to purchase a home with a conventional loan.
USDA Mortgage Loan Features
- Purchases only
- Up to 100% financing
- 30-year fixed-rate financing
- 1% USDA “Guarantee Fee” can be financed into the loan amount
- .35% USDA monthly fee
- Single-family residence, townhome, modular home, new manufactured home
- Home must be located in rural areas designated by each county
- Income limits based on county
- Seller can pay all closing costs
- Construction loans are not allowed
Is this loan right for you?
Our Loan Officers will work with you to determine which type of loan best suits your needs and budget.
Let's talk.
Please give us a call at 1.855.275.7226 or fill out the form below, and we’ll be in touch soon to answer your questions and determine the right solutions for you.
