NMLS# 3151

Thursday, April 10, 2014

Funding still available for USDA home loans in Rural Areas

How does a home loan with no down payment, no private mortgage insurance, and low interest rates sound? Almost too good to be true, right? Well if that's something that interests you than the U.S. Department of Agriculture's Guaranteed Loan Program just might be the right program for you. 

CLICK HERE TO COMPARE TODAY'S INTEREST RATES

USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life in Rural America. The agency’s loan program supports this mission by offering direct and guaranteed home loans to help borrowers buy or build safe, decent and affordable homes. Home ownership is an economic foundation for communities and owning a home is an essential part of the American dream. The impact of housing development also provides a stimulus for manufacturing, trade industries and related professional services, benefiting the larger economy.

Rural Housing through the USDA program provides a number of homeownership opportunities to rural Americans, as well as programs for home renovation and repair. This is an excellent product that also offers 100% financing opportunities for those who qualify. Rural Housing loans are now easier to qualify and are a financially secure option for home financing regardless of your situation.


There are several advantages to using USDA’s Home Loan Program:
USDA 100% Financing
Low Monthly Mortgage Insurance(MI)
Low Mortgage Interest Rates
Low Closing Costs
Easy Credit Qualifying
Never a Pre-payment Penalty 


FREQUENTLY ASKED QUESTIONS ABOUT USDA LOANS

The guaranteed loan pogrom is administered in partnership with private lenders, such as RANLife Home Loans. To find out more information about USDA Loan or to apply online directly please click here or visit our website at www.ranlife.com

1 comment :

  1. The USDA does not currently allow buyers to own another “adequate” property and buy another home by utilizing the USDA Loan program. The USDA loan is designed for those buyers who do not qualify for other financing and do not have adequate housing. However, there are certain circumstances when the USDA will allow you to keep the other home. For example, the USDA does not view mobile (manufactured) homes as adequate property. Other circumstances include if you have to move or if your current home is not adequately large enough for the size of your family.

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