With the USDA Guaranteed Rural Housing Loan program you have the opportunity to purchase a home in a designated rural area with no down payment. Contrary to the media myths and other sources there are special programs to allow folks to enter the opportunity of homeownership without a huge down payment and flexible credit requirements. One of the best-kept secrets available to millions of new homeowners is the USDA Rural Development home loan program.
USDA Rural Housing loans can be used to purchase a:
Financing a home with the USDA program is not much different than other home loans. Just less money needed to buy your first home. The process flow looks like this:
USDA loans aren’t the right fit for every buyer, but for those first time and repeat buyers needing that extra help in achieving their homeownership goals it a great sound safe option.
Why you might want to consider a USDA Guaranteed Home Loan: