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...]
USDA Loans Are Back!
The USDA loan program is back! The USDA Guaranteed loan program is back and people can now get USDA loans subject to "“the availability of funds and statutory authority to obligate such funds to support the proposed guarantee, the statutory authority to charge a sufficient guarantee fee (if any is needed, to support the proposed guarantee with available funding), and should the lender pass on to the borrower a loan origination fee that … [Read more...]