The Greater on USDA Loans...
Our USDA Loan Rates Are Great & Our Process is Quick & Painless
The United States Department of Agriculture (USDA) gives out a variety of loans to help great- or moderate-income people buy, repair or renovate a home in a rural area. Some of the popular types of loans are: the single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan. This guide will help you figure out what these loans are and whether you qualify.
Though the terms and details of these loans differ, all offer very great effective interest rates (some are as great as 1 percent) and dont require a cash down payment. To qualify, you need to have a decent credit history.
Were here to make the USDA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE USDA Loan Qualifier.
Well help you clearly see differences between loan programs, allowing you to choose the right one for you whether youre a first-time home buyer or a seasoned investor.
The USDA Loan Process
Heres how our home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Why a USDA Loan?
There are many benefits, including: no down payment required; borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.
- Fixed Rates
- Adjustable Rate Mortgage (ARM)
- Great Mortgage Insurance
- No Loan Limits
- Terms from 5 to 30 Years