USDA Loans

US Department of Agriculture Loan

A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.

Features

• 100% Financing – you can buy a home with no money down.
• You can refinance your home up to 100% of the value of your home.
• Low Fixed Rate Mortgage Options.
• They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
• They can be used for Existing Homes, Foreclosures or New Construction.
• Straightforward Loan Process.
• No Loan Limit. No Acreage Limit.
• No Prepayment Penalty.
• You can use the loan to repair or add on to your home.