USDA Loans

A USDA (United States Department of Agriculture – Rural Development) loan is for those needing 100% financing for a property in a rural area. You can check to see if a property qualifies by entering an address at this site:

This loan is available to U.S. Citizens and Permanent Residents, however non-occupying co-borrower are not allowed. With Gift Funds and/or Seller Contributions, it’s possible to purchase a home with $0 of the buyer’s funds due at closing.

Benefits of USDA Loans

  • 100% financing for homes in rural areas.

  • Available to low and moderate income households.

  • Minimum credit score 620

  • First time and repeat home buyers.

  • Gift Funds and Seller Contributions allowed to cover ALL or part of closing costs.

  • No reserve requirement.

  • Minimum home purchase price $150,000

  • Rate & Term refinance allowed up to 100% of value.

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