VA Purchase and Streamline Refinance Mortgages are hot right now!

USDA/Rural developement Loans are "Not" Just for farmer! We close many USDA purchase loans each month. It's a very popular program with more propeties qualifying than client's ever imagined.

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

• Great for First-time Home Buyers
• 100% Financing (including Closing Costs)
• No Down Payment Requirements
• No Pre-payment Penalties
• Low Rates
• Existing Homes, Foreclosures

Benefits of USDA Mortgage Loans

• Good rates and more people qualify because there is no down payment required.

• 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.

• Simple Loan Process.

• No Loan Limit. No Acreage Limit.

• There is No Prepayment Penalty.

• Flexible Credit Requirements.

   

  Who is eligible for a USDA-Rural Development Loan?

  These loans are available to anyone who meets minimum credit guidelines and local area income requirements... and is purchasing a home or refinancing their home in an area that is not considered a major metropolitan area by USDA...virtually all of our markets have many homes that are eligible.

  Some common misconceptions of USDA Loans:

• Determining if a property is eligible can be difficult. Not true…our licensed Mortgage Brokers will determine if the property is eligible for USDA Guaranteed financing with the click of a mouse.

• They are just for farmers - This just isn't the case. the entire nation has qualifying properties in almost every county outside of major metro areas.

• FHA or Conventional Loans are better - In fact, USDA Loans often offer better terms than a FHA or Conventional loans...the no down payment advantage.

• USDA loans aren't flexible - Actually, they can be used to buy a new home or refinance to a lower rate.

• Only certain people can qualify - Anyone who meets the income and credit guidelines can qualify. You can actually make too much money for this popular loan program.

• They are harder to get than FHA or Conventional Loans - This just isn't true.  In many cases they are often easier because the loans are guaranteed by the government and more consumers qualify because there is no down payment requirement.

•  They are only for rural areas - Actually, they are available in many areas that most people would not consider rural. Most small communities outside major metro areas have properties that are eligible. Our loan pro's simply plug in an address and we know if the property is eligible instantly.

  Start you fast pre-qualification right here:

  256-New-Loan