USDA Loan Program

USDA Loan Programs

Maybe the thought of living in the countryside appeals to you more than the city lifestyle? If that’s the case then the USDA (also known as the RHA) loan program may be right for you. The USDA Program was created to help families live in rural parts of America with a zero down payment, low mortgage insurance, and low interest rates.

What Are The Benefits of a USDA Loan?

  • Zero Down Payment Required

A major difficulty facing homebuyers is obtaining the down payment. Many lenders require as much as 20% down. Not the USDA program. USDA loans are $0 down

  • Lower Interest Rate

As a government insured loan, USDA offer excellent rates

  • Flexible Credit Guidelines

USDA loans also have underwriting guidelines that meet the need of many prospective homebuyers, including those who may be first time homebuyers. Make sense underwriting guidelines that will help you become a home owner.

This program offers….
The opportunity to live in a safe, warm, comforting environment in rural areas. A place for you and your family to live in peace.
Eligible applicants under this loan are allowed to:
• Build
• Buy
• Refinance

How Can I Apply?

Criteria to qualify for these loans include income requirements, location of the residence, and household size (Fill and email your Application.
to HJMAYS@aol.com (Joe Mays) to see If you and your property qualify).

Other eligibility requirements include:
• Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
• Acceptable credit history
• Dependable income

Eligible Home Requirements
Urban regions are generally not applicable for USDA programs, however few selective pockets in the suburbs may. The most eligible regions are rural locations

The USDA Home Loan Program:
Loan guarantees: The USDA guarantees a mortgage issued by a participating local lender

Find out if you qualify for an USDA Loan.

Find an RHS-approved lender! Call us now!