USDA Loans
USDA home loans are mortgages that are guaranteed by the U.S. Department of Agriculture. Their purpose is to promote home ownership in defined rural areas. So, if you are interested in buying a house outside of city limits, a USDA loan may be right for you.
Primary Benefits
No down payment required (most cases).
Low monthly mortgage insurance.
We can extend up to 100% financing to eligible rural individuals and families for the purchase of primary residence.
Easy refinancing options.
USDA Loan Requirements
- Typical credit score requirement is 640.
- Property must be in an eligible rural area as defined by the USDA
- Property must be your primary residence and cannot be income producing.
A USDA loan may be right for you. However, not everyone qualifies so please read the USDA loan requirements above. If you have any questions, give us a call or open a chat to see if you qualify today!