The USDA Guaranteed Loan Program is a federal program offered through the United States Department of Agriculture. Rural Housing through the USDA program provides a number of homeownership opportunities to rural Americans, as well as programs for home renovation and repair. This is an excellent product and benefit for those individuals that qualify. Rural Housing also offers 100% financing opportunities for those who qualify.
Rural Housing loans are now easier to qualify and are a financially secure option for home financing regardless of your situation.
USDA Pilot Program: This program allows you to skip a mortgage payment, lower your interest rate by more than a percentage point, and you don't have to get a home appraisal.
There are several advantages to using USDA's Home Loan Program.
USDA 100% Financing
Low Monthly Mortgage Insurance (MI) with a USDA loan
Low USDA Mortgage Interest Rates
USDA Low Closing Costs
USDA Zero Down Payment.
Easy Credit Qualifying with USDA
Never a Pre-payment Penalty with USDA
Thinking of Buying a Rural Home?
Did You Know?
Did you know that even with the advent of a low monthly mortgage insurance premium, USDA payments are still significantly lower than an FHA loan that has a minimum of a 3.5% down payment?
Whether you are buying your first home or looking to move up, the USDA Home Loan Purchase Program is one of the best purchase programs available today for our rural communities.
USDA Rural Home Refinance?
If you bought your home through a USDA home purchase program then you are eligible for a USDA home streamline refinance.