USDA Loans: Now Available To Middle Class Home Buyers
The USDA changed rules in 2009 that makes millions of Americans eligible for its rural mortgage programs. The American dream of home ownership has become more difficult as families struggle to come up with the 5%-20% down payment that many conventional home loans require. With the USDA loan many are still able to get a zero down home loan. In the past USDA Loans were often call "farmers loans" but times have changed. Almost anyone outside of a major metropolitan area looking to purchase a home can qualify for a USDA loan. Eligibility varies based on area, your income, credit history, and number of dependents claimed so it's important that you call and speak with one of our experts to see if you qualify. What makes a USDA Loan the best option available? Here is a list of reasons that should be considered about a USDA Loan before applying:
USDA LOANS ARE NO MONEY DOWN
With a USDA Loan, your down payment will always be $0. While other home loans will require a down payment reaching tens of thousands of dollars, you can be assured that with a USDA Loan you are getting a NO MONEY DOWN loan. The mortgage insurance is also cheaper comparable to FHA and conventional.
USDA LOANS PROVIDE COMPELITIVE INTEREST RATES
USDA LOAN CREDIT SCORE REQUIREMENT
We offer USDA guaranteed and USDA direct mortgage loans which allow us to extend the to middle or higher income class families to purchase condomonium, townhouse, new and pre-existing single family home. So if you have issue due to higher income in that community, go ahead and apply now. Let our Mortgage specialist find the best loan program for you.