Yes you can buy a home with the help of a USDA Home Loan.
This year in Washington State program usage is up 220%. In the last 12 months Rural Development has invested more than $57,887,371 to help over 319 families obtain affordable home loans.
As mortgage lenders are forced to limit available credit and tighten eligibility criteria, USDA wants you know they still have affordable options available if you want to own a home. The Loan-Guarantee allows lenders to offer zero-down fixed rate loans backed by the USDA.
There is still hope out there for people who do not have 20 percent to put down on a conventional loan. The mortgage industry is tightening its belt but USDA has not changed anything. They have funding available and they really want to help Rural Americans get into a home of their own.
The USDA Home Loan offers:
- No Down Payment
- No Monthly Mortgage Insurance
- Lower Monthly Payments
- Cash Reserves Not Required
- Closing Costs Can Be Financed
- or Paid By Seller
- Flexible Credit Guidelines
Cheryl Orr is a Loan Consultant with Evergreen Home Loans in Washington State and has been offering USDA Home Loans since 1996. For more information you can visit: USDAhomeloaninfo.com
Comments (10)Subscribe to CommentsComment