The USDA (which stands for the United States Department of Agriculture) changed its rules in 2009, allowing millions of Americans to become eligible for its rural mortgage programs. The American dream of home ownership has become more difficult as families struggle to come up with the 20% down payment that many conventional home loans require. With the USDA loan, many are still able to get a zero down home loan.
In the past, USDA Loans were often called “farmers loans,” but times have changed. Almost anyone, outside of a major metropolitan area, looking to purchase a home can qualify for a USDA loan. Eligibility varies based on location, income, credit history, and number of dependents claimed. Speak with one of our experts to see if you qualify.
If you are interested in finding out if an USDA loan is right for you, please contact us or fill out our pre-approval form. One of our experienced loan officers will help you evaluate your loan options quickly.
