USDA Loans

USDA loans are often considered too mysterious or difficult to obtain. The fact is; they are quite easy to obtain and give a borrower options as to a down payment; if pay one at all. It is 100% purchase financing of a home and can even cover closing costs if the appraised value of the subject loan will cover.

Properties that are eligible are somewhat limited; but there are plenty. A quick search by your realtor or loan officer can determine whether a home you have your eye on is eligible. Look mostly for home is rural areas, or in areas on the fringe of a more populated, suburban area. You may be surprised Household income will come in to play; but that determination can be checked in your initial inquiry to your loan officer as well.

If the home of your dreams does not qualify by USDA requirements; your loan officer will have other options for you, where that home may be eligible.

USDA will realistically accept credit scores as low as 580 and there is no limit to the maximum loan amount. Call or text Dave at 704.426.2680 (cell). Office number is 803.789.6147.