USDA Loans
USDA Loans
FSA loans can be used to purchase land, livestock, equipment, feed, seed, and supplies. Loans can also be used to construct buildings or make farm improvements.
The Lowdown on USDA Loans...
Our USDA Loan Rates Are Low & Our Process is Quick & Painless
The United States Department of Agriculture (USDA) gives out a variety of loans to help low- or moderate-income people buy, repair or renovate a home in a rural area. Some of the popular types of loans are: the single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan. This guide will help you figure out what these loans are and whether you qualify.
Though the terms and details of these loans differ, all offer very low effective interest rates (some are as low as 1 percent) and don’t require a cash down payment. To qualify, you need to have a decent credit history.
We’re here to make the USDA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE USDA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The USDA Loan Process
Here’s how our home loan process works:
Complete our simple USDA Loan Qualifier
Receive options based on your unique criteria and scenario
Compare mortgage interest rates and terms
Choose the offer that best fits your needs
Why a USDA Loan?
There are many benefits, including: no down payment required; borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.
No down payment required
No formal loan limit for guaranteed loans
Seller can pay the closing costs
Available for both purchasing and refinancing
Low, fixed interest rates for direct loans
Quote Source
“Ryan was extremely helpful and patient throughout our home purchasing process. He ran several scenarios for us and answered my husband's hundreds of questions. When we finally put in an offer on a house, together with around 7 others, Ryan was the first loan officer to contact the sellers, and this really helped us gain a competitive edge during that crazy housing market season! Because of his prompt communication, the sellers accepted our offer over another one that had twice our down-payment! Thank you Ryan, for all your help! I'm writing this review from our new house because of all that you did for us!.”
