USDA Loans, commonly referred to as Rural Development loans provide borrows with a variety of attractive benefits if the subject property falls within the USDA RD Home Loan Footprint. Don’t worry, our experienced lenders can help you determine if your new home qualifies for a USDA loan with a simple phone call.
USDA loans require no down payment and borrowers may finance up to 100% of the property value. While these loans are attractive, you must meet income restrictions for the county in which your new home is located. Each county has a maximum income requirement however the USDA Home Loan Program does allow for certain considerations. One of the final primary criteria’s is that the property be an owner occupied property, investment properties are not eligible.
The USDA Home loan may be an attractive option for you and your family. To determine if you (and your new home) qualify for this exciting opportunity, reach out to one of our highly experienced lenders.