You decided you prefer non-city life. You found a home situated amongst the trees and open fields that you love. Now you need financing. There are several loan programs you probably could use, depending on your credit, income, and debt ratio. They include conventional and FHA loans. However, there is a great program for government home loans for rural areas – the USDA loan. Qualifying for this loan is simple and it does not require any … [Read more...]
USDA Loans Aren’t Just For Farmers
You don’t have to live in an area where your closest neighbor is miles away in order to qualify for a USDA home loan. Most of the country is already eligible, including suburban area’s and even some college towns. In order to qualify for a USDA home loan, you will need a certain level of income, a credit score and a down payment. In some cases you may need all three. If you don’t like the metropolitan scene and would rather live in a … [Read more...]
