USDA Home Loan

The USDA Home loan program offers assistance to low-income individuals and families in rural areas, with a $0 down home loan program option. This program aims to promote homeownership in rural communities by providing affordable loans with favorable terms.

Similar to the VA home loan, this $0 down program offered by the USDA is an excellent choice for non-VA personnel who're seeking a $0 down loan alternative. Additionally, depending on your credit score; the interest rates on a USDA loan is typically lower than that of conventional loans.

To be eligible for a USDA Home loan, applicants must meet certain income requirements, and the property must be located in an eligible rural area, unlike the VA home loan which has 0 income restrictions, or location limitations to its veteran borrower's. Finally, USDA home loans require Mortgage Insurance, or (MI). The same is the Conventional loan and FHA home loan.

Simply put, with the USDA home loan program, owning a home in a rural area can now become a reality for many who otherwise would not have the opportunity to qualify for a home loan.

Household Income is limited on a USDA Loan so please contact me for more information.