What are the Advantages of USDA Home Loans?

By
Mortgage and Lending with The Mortgage Market of Delaware

There are many advantages of the USDA 100% Guaranteed Rural Housing Home Loan.

Here are a few:

No down payment; a true 100% loan product.

No cash reserves required.

Generous income limits.

Very low monthly mortgage insurance.

No purchase limits.

Sellers may pay all closing costs.

Gift funds are allowed.

Very low interest rates.

Thirty year fixed rate term.

Repairs may be financed up to 100% of the appraised value or "as improved" value.

Not just for first time home buyers.

 

Posted by

JoAnn Moore

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Rainmaker
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Elite Home Sales Team
Keller Williams Realty - San Clemente, CA
A Tenacious and Skilled Real Estate Team

I will have to check into this in our area and see where it applies.

Jun 09, 2012 04:24 AM #1
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

JoAnn - Thank you for sharing detailed quality information on what are the advantages of USDA home loans.

Jun 09, 2012 08:07 AM #2
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JoAnn Moore

Home Loans in Delaware
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