The USDA Rural Home loan program is through the U.S. Department of Agriculture. It is a rural housing program that allows for 100% financing in designated eligible “Rural” area and offers NO down payment! The USDA loan program also allows the ability to finance closing costs up to the appraised value.

No, there are no restrictions on previous homeownership.

Yes, there are possible exceptions for qualifying with a USDA Loan after a short sale if the adverse activity was temporary in nature and or the situation was beyond the applicant’s control.

Read more HERE

USDA Mortgages do not have PMI, but instead have a monthly premium that is calculated into the payment. This monthly fee is currently over 3X LESS than the monthly PMI on an FHA mortgage.

Read more HERE

Yes! A USDA Home Loan offers flexibility and may be an option when trying to finance a condominium

Read more HERE

Modular Homes can be considered a USDA eligible property, but additional appraisal requirements will apply.

No or zero credit history makes the USDA qualifying process a little more difficult, but it is still possible!

Read more HERE

Yes, the USDA Loan Program requires the bankruptcy to be discharged for at least 3 years. The type of bankruptcy filed can impact the qualifying process as well.

The USDA loan has requirements on property types and eligible areas.

Read more HERE on property types.

Read more HERE on eligibility.

The USDA Loan Program does not have set loan limits.

Yes! The USDA home load allows the ability to finance closing costs up to the appraised value.