USDA (Government Loan)


USDA loans are mortgages that are backed by the United States Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. They are not common; however, they offer a unique opportunity to those with low to moderate household income to purchase a home in designated rural areas. Income eligibility requirements apply to this loan. The loan is fixed and you do not have to be a first-time home buyer to participate.

 

Benefits of USDA Financing:


  • 100% financing (no down payment)
  • Lower mortgage insurance premiums
  • Allows for lower credit scores (minimum 620)


USDA loans have a list of requirements that both the buyer and property must meet in order to proceed. If you are interested in a USDA loan, inquire with Carol for further details.


Have questions about USDA loans? Call us at (707)290-5167. We are here to help!

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