Making Rural Homeownership Possible
A USDA Mortgage offers an excellent opportunity for individuals in rural communities to achieve homeownership. Backed by the U.S. Department of Agriculture, USDA loans provide up to 100% financing for qualified buyers, with the option to finance closing costs in certain cases. Designed to promote homeownership in rural areas, USDA loans come with attractive benefits such as lower interest rates and flexible amortization terms. Contact us today to explore if a USDA Mortgage is the right fit for you.
Understanding USDA Loans
USDA loans are specifically tailored for homes in eligible rural areas and are backed by the United States Department of Agriculture through the Guaranteed Rural Housing (GRH) program. Geared towards low-to-moderate income borrowers, USDA loans offer:
- No Down Payment Required: Enjoy the benefit of 100% financing, eliminating the need for a down payment.
- Low Monthly Mortgage Insurance: Experience lower monthly mortgage insurance compared to conventional loans.
- Flexible Amortization Terms: Choose from flexible amortization terms that suit your financial needs and goals.
Normal credit and underwriting approval is required. USDA monthly Guarantee Fee applies.
Ready to Explore Your USDA Mortgage Options?
If you’re considering homeownership in a rural community, our team is here to help you navigate the USDA loan process. Contact us today to schedule a consultation and discover if a USDA Mortgage is the right solution for you.