USDA Home Loans

What are USDA Loans?

A USDA loan can put affordable homeownership within reach for people who want to live outside major metropolitan areas.

Advantages:

• No down payment required
• No first-time homebuyer requirement
• Good solution for homebuyers with limited or moderate incomes (borrowers must meet income limits)
• Flexible credit qualification criteria
• Lower interest rates than conventional loans
• Lower mortgage insurance costs than FHA loans
• Allows the seller or gift funds to cover closing costs
• Easy to refinance an existing USDA loan, even with reduced home value

USDA requires the property being financed to be a designated rural area. Some suburban communities could qualify. Contact us to learn more!