What are the Advantages of USDA Home Loans?

By
Real Estate Mortgage Broker with The Mortgage Market of Delaware

There are many advantages of the USDA 100% Guaranteed Rural Housing Home Loan.

Here are a few:

No down payment; a true 100% loan product.

No cash reserves required.

Generous income limits.

Very low monthly mortgage insurance.

No purchase limits.

Sellers may pay all closing costs.

Gift funds are allowed.

Very low interest rates.

Thirty year fixed rate term.

Repairs may be financed up to 100% of the appraised value or "as improved" value.

Not just for first time home buyers.

 

Posted by

JoAnn Moore

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Comments 2 New Comment

Rainmaker
639,379
Elite Home Sales Team
Tenacious and skilled real estate team
Keller Williams Realty

I will have to check into this in our area and see where it applies.

June 09, 2012 11:24 AM
Rainmaker
1,079,439
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

JoAnn - Thank you for sharing detailed quality information on what are the advantages of USDA home loans.

June 09, 2012 03:07 PM
Rainmaker
235,122

JoAnn Moore

Home Loans in Delaware
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