There are many benefits of a USDA home loan – one large benefit being that no down payment is required. Borrowers who qualify for a USDA home loan have the flexibility to pay nothing out of pocket for a down payment.
The United States Department of Agriculture (USDA) gives borrowers the opportunity to own a home outside of the city limits. There are several benefits of a USDA loan, including flexible credit underwriting requirements and no down payment required. The government insures USDA loans. They are limited to certain “rural” areas, although many of the available areas are very close to urban areas. USDA has set maximum allowable household income limits for the program.* Please contact The Mortgage Lady Team for more information.
Here’s how our home loan process works: