100% Financing, No Money Down!
USDA Loans are an outstanding option for those living in smaller and rural areas requiring very low or no down payment.
USDA (United States Department of Agriculture) loans can provide qualified buyers with 100% of the financing they need to purchase a home and no early payoff penalties.
Benefits of USDA Loans
USDA loans provide borrowers with an opportunity to afford property outside of cities at low fixed rates. These loans often work well for individuals with no credit scores or low credit scores that prevent them from qualifying for a traditional home loan.
You can apply for USDA loans if you:
- Live in a qualifying (agricultural) area
- Meet specific income requirements based on the size of your family
- Plan to use the property as your primary residence
Time Frame to Pay Back USDA Loans
USDA loans usually come with a 30-year term for repayment. With no prepayment penalties on these loans, you have the freedom to pay off early!
Let us help you figure out if a USDA Loan is right for you!
