USDA Loan

A USDA loan, also known as a USDA Rural Development Loan, is a mortgage loan program offered by the United States Department of Agriculture (USDA) to help individuals and families purchase homes in rural and eligible suburban areas.

If you're ready to explore the possibility of obtaining a USDA loan and purchasing your dream home, reach out to us today. We are here to answer your questions, discuss your options, and help you achieve your homeownership goals with a USDA loan.

Here are some key characteristics of conventional loans:

Credit Requirements

Generally 640 or higher

Down Payment

USDA loans offer the advantage of requiring No Down Payment. They are known as 100% financing loans.

Terms and Interest Rates

USDA loans typically come with fixed-rate terms, which means that the interest rate and monthly payments remain the same throughout the loan term. Common terms for USDA loans include 30-year and 15-year fixed-rate mortgages.

Highlights:

  •  Rural Property Eligibility

  • Income Eligibility

  • No Mortgage Insurance

  • Competitive Interest Rates

  • Home Repair and Improvement Financing

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