What is a USDA Guaranteed Home Loan?
For borrowers looking to buy in rural areas.
Meant for low to moderate income families; $91,900 (up to $121,300) total household income. Dependent and Family size and Childcare Adjustments.
0% Down Payment
Low Mortgage Insurance
High Seller Paid CC
Must have Great-Excellent Credit or Reserves
Property must be in eligible area
What is a USDA Direct Home Loan?
For borrowers looking to buy in rural areas.
Meant for low to moderate income families; $91,900 (up to $121,300) total household income. Dependent and Family size and Childcare Adjustments.
0% Down Payment
Low Mortgage Insurance
High Seller Paid CC
Monthly subsidy for payment assistance
Must have Great-Excellent Credit or Reserves
Property must be in eligible area
Recertify every 2 years