USDA Loans

A USDA loan provides many options for borrowers. This type of loan reduces costs for homebuyers in rural and suburban areas. It is one of the most cost-effective loan pro-grams that exists in today’s marketplace. USDA home loans are available to borrowers who meet income and credit standards. The most important requirement of a USDA loan is that the property must be located in a USDA-eligible geographic area.

Program Highlights:

  • 100% Financing
  • Annual Guaranty Fee Paid Monthly
  • $ 417,000 Maximum Loan Amount
  • Properties Limited to 1 Unit, Non-Farm, Primary Residences
  • 6% Limit on Seller Concessions
  • No Financial Reserves Required For 1 Unit Properties
  • 102% Maximum Loan-To-Value*
  • Closing Costs Can Be Financed

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