EVER WONDER WHAT A USDA HOME LOAN IS? WANT TO SEE IF YOU QUALIFY FOR A USDA HOME LOAN FOR THAT NEW BEAUTIFUL COUNTRY HOME YOU HAVE YOUR EYE ON? CONTACT US FOR MORE INFORMATION!
A few points of interest on USDA home loans:
- The subject property must qualify for this program. A simple Google search will bring you to the USDA Eligibility Map!
- There is an income limit per household. That means even people that may live in the house and not be on the loan.
- You can potentially borrow up to 100% of the loan amount!
- There is an upfront fee paid at closing
- There is an annual mortgage insurance amount
- Seller can offer up to 6% concessions
- Make sure you have any student loan information available
For more specific information, reach out to one of our excellent loan experts!