USDA Loan
USDA Loan is a great option for those who are looking to buy a home in rural areas. This loan is backed by the United States Department of Agriculture and offers low-interest rates and flexible credit requirements. With a USDA Loan, you can get up to 100% financing for your home purchase, which means you don’t have to worry about making a down payment. Additionally, it has no maximum loan amount and no minimum credit score requirement, making it an ideal choice for many homebuyers.
Unlock the Benefits of a $0 Down USDA Loan
Imagine purchasing your dream home with $0 down payment. With a USDA loan, this possibility becomes a reality. Let’s dive into the enticing benefits of USDA loans.
Benefits of a USDA Loans:
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- $0 Money Down: Say goodbye to the burden of saving for a hefty down payment. USDA loans offer 100% financing, eliminating the need for upfront cash.
- Flexible Credit Requirements: Don’t let imperfect credit history hold you back. USDA loans have lenient credit requirements, making homeownership accessible to a wider range of borrowers.
- Low Mortgage Insurance: Unlike conventional loans, USDA loans don’t burden you with high mortgage insurance premiums. Save money every month with lower insurance costs.
- 97% of the US is Eligible: The USDA loan program covers a vast majority of the country. Whether you’re in a rural area or certain suburban regions, chances are you qualify for a USDA home loan.
Seize the opportunity to own a home without breaking the bank. Take advantage of the benefits of a $0 down USDA home loan and start your homeownership journey today.
Get started on your path to affordable homeownership with a USDA loan.
USDA Loan Requirements
Household Income
Must make 115% or less of the median income for your county.
Click Below to Find Your County Limit:
Area
The home must be in an eligible USDA area. Click Below to Find Eligible Areas:
Credit
Most lenders require a minimum score of 620, but exceptions can be made. Contact us to get in touch with a USDA Specialist and schedule a free credit analysis.
Home
To ensure that your home is safe, the USDA requires a licensed appraiser to appraise and inspect the home to ensure it meets HUD home requirements. If a home is in need of repairs, the borrower or seller can use their own funds or proceeds from the sale of property to make the repairs needed to pass inspection.
USDA Home Standards
- No termite or pest damage
- Working plumbing, water and sewage disposal (private well and septic is acceptable)
- Functional heating and cooling units in all living areas
- Operational, and up to date, electrical systems
- Structural soundness
