USDA Loans

 

Yes, they are....USDA Loans are mortgages that are available in Rural areas.If you are searching for a rural type property...this is definitely something to consider.Here's the highlights:

  1. No Downpayment!! FHA loans require a down payment of 3.5% and a conventional requires 5% or more.
  2. The seller may pay all or some of your closing costs. This would allow you to get in the home with the least amount of money possible.
  3. You will have very low monthly mortgage insurance. This will give you an even lower monthly mortgage payment then a conventional loan or a FHA loan.
  4. USDA loans are government backed loan.

 

To qualify for a USDA loan you must meet the income requirements and the home must fall in the designated Rural area.

KatyHomeConnections Team

Rosemary Derstler and Cynthia Berry

Google Voice:  281-846-5513

www.KatyHomeConnections.com

Our Other Blog:   www.KatyHomeConnections.wordpress.com

 

 

0 Comments on Are USDA Loans still available?
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Pru122-301-katyhomeconnectionsteam-f0049 Rainmaker_large

Cynthia Berry

Katy, TX

More about me…

Better Homes and Gardens Real Estate, Gary Greene

Address: 23922 Cinco Village Center Blvd #123, Katy, TX, 77494

Office Phone: (281) 846-5513

Cell Phone: (713) 705-3047

Email Me

Katy and Fulshear, Texas - Community news, events, happenings, real estate information


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find TX real estate agents and Katy real estate on ActiveRain.