USDA Loans
WE HAVE A MORTGAGE SOLUTION FOR YOUR UNIQUE SITUATION
WITH A USDA HOME LOAN, HOMEOWNERSHIP IS WITHIN YOUR REACH.
USDA: No Money Down Home Loans for Eligible Homebuyers
USDA Loans, also called RHS loans, are loans guaranteed by the U.S. Department of Agriculture Rural Housing Service (RHS).
USDA No Money Down Home Loans help people living in small towns or rural areas achieve homeownership. The USDA Guaranteed Home Loan program offers flexible credit guidelines, competitive interest rates, and low monthly mortgage insurance rates.
A USDA Rural Development Loan is a “No Down Payment Mortgage” meaning you put nothing down at closing.
Did you know?
Don’t let the name fool you, USDA home loans are NOT farm loans! Furthermore, this program is not only limited to country homes.
The goal of this loan program is to encourage homeownership in rural areas.
Did you know that open country and towns with a population of 10,000 or less are typically considered rural? Some towns with a population of 25,000 or less are rural as well. There are many areas across the country where entire counties are eligible!
Contact us today for more information about eligibility in your specific area.
USDA Loans: Do you qualify?
To find out if you qualify for the program, you can check the full list of requirements here. Here are some of the basic qualifications:
You are a U.S. Citizen, U.S. non-citizen national, or Qualified Alien.
You will occupy the residence as your primary residence.
You have adequate and dependable income.
Your annual household income does not exceed the program limits. The annual household limit for most areas of Ohio, Indiana, Kentucky, and Florida is $112,450 (household size of 1-4) and $148,450 (household size of 5-8).
You are purchasing a property that meets the criteria set by the RHS and USDA. The property is located in an eligible rural area.
You are not debarred from participating in federal programs.
If you are ready to get started with your USDA loan application, contact us at (937) 548-8222 or apply online!
Is a USDA loan the key to achieving your dreams of homeownership? Apply today!
