The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence.
USDA Loans are an attractive option because:
100% Financing, no PMI
No limit on seller paid closing costs
Can roll closing costs into loan amount up to 100% of the appraised value
Competitive Rate
Property and Income restrictions will apply
USDA loans can be used toward the purchase of a previously owned home or a new construction. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes.
Find out if you qualify for an USDA Loan. Call and speak with a Loan Specialist today at 256-760-1591 or toll free at 855-4-Gateway.
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