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What is a USDA Loan?

A USDA loan is a mortgage that offers considerable benefits to those wishing to purchase a home in an eligible rural area. USDA home loans are issued through private lenders and are guaranteed by the United States Department of Agriculture (USDA).

What are the benefits to a USDA Loan?

The primary benefits of a USDA Loan are:

1. No down payment;
2. Interest rates competitive with other loan products;
3. Flexible credit requirements.

Am I eligible for a USDA Loan?

USDA loans are available to homebuyers that are looking to purchase a single family primary residence in what is defined by the USDA as a “rural” area or a qualified suburban area. The USDA also has income restrictions based on the property location.

At a minimum, the USDA requires:

US citizenship or permanent residency;

Dependable income, typically over the past two years;

The homebuyer’s adjusted income cannot exceed 115% of the area median income, depending on family size;

The property has to be located in a qualified rural location;

Please call us for eligibility requirements!

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