what is a usda loan?€¦ · a usda loan (also called a rural development loan) is a government...
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Make the dream of home ownership come true!A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home with NO Money Down. USDA Home Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. USDA offers some of the lowest rates of any loan, and you will always have a fixed interest rate.
In order to get approved for a USDA home loan you must first meet certain property eligibility guidelines.
• USDA home loans are only eligible in USDA approved rural areas. USDA approved rural areas consist of any property that is rural in nature.
• Because USDA mortgages are specifically created for middle to lower income households, there are specific income restrictions in place to ensure these loans are being used correctly.
Other Features:
• 100% gifting permitted for all closing costs
• No post-closing reserve requirements
• NOT limited to first-time home buyers
• Program only applies to certain USDA approved areas
• FICO and income requirements may apply
Contact me today to discover if a USDA Loan is right for you.
062014
What is a USDA Loan?
Please call for more informationDan DoyleLoan ConsultantDirect 541 295 3110Mobile 619 884 0707Fax 855 720 2008NMLS ID [email protected]
imortgage783 NE 7th Street
Grants Pass, OR 97526
Rates, terms, and availability of programs are subject to change without notice.imortgage is licensed by the OR Division of Finance and Corporate Securities, Mortgage Lending ML-4972. Act CRMLA 4131040. NMLS ID 174457. All rights reserved. Equal Housing Opportunity.Equal Housing Opportunity. All rights reserved.