WE HAVE A MORTGAGE SOLUTION FOR YOUR UNIQUE SITUATION
WITH A USDA 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 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 considered 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 must be a U.S. Citizen, U.S. non-citizen national or Qualified Alien.
You must agree to occupy the residence as your primary residence.
You must have adequate and dependable income.
Your annual household income cannot exceed the program limits. The average annual limit for most areas of Ohio, Indiana, Kentucky, and Florida is approximately $103,500 (family of 1-4) and $136,600 (family of 5-8).
You must purchase a property that meets the criteria set by the RHS and USDA. The property must be located in an eligible rural area.
You must not have been 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!