Every loan has a perfect candidate, especially those loans that are backed by the government. The USDA rural development loan is among those that the government backs up and is geared towards a certain group of people. The USDA loan was originally started to build up development in rural areas. In recent years it has become one of the hidden gems in the mortgage industry as it still allows for loans of this type in areas that … [Read more...]
USDA Loan Basics
The USDA loan program has become popular as other mortgage loan programs have been harder and harder to qualify for - and not just because the USDA loan program is a no-down-payment loan program. There are other USDA loan advantages (such as no mortgage insurance) that have made this a popular choice for many homeowners who are looking to buy a home. As with any loan program, there are some basic things about the USDA loan program … [Read more...]
USDA Loan Advantages
The USDA loan is quickly becoming a favorite because of the true no money down options, but did you know that there are really about 6 true "advantages" to the USDA loan over other loan options. 6 USDA Loan Advantages The USDA loan is a true no-money-down loan The USDA loan doesn't have monthly mortgage insurance which saves you money each month on your mortgage payment The USDA loan doesn't have a maximum loan limit like … [Read more...]
