My New Blog

We have some great news! The USDA has raised the income limits for home purchasers. Most of us think of the USDA when we buy a steak or fresh produce. The reality is, the USDA makes home loans. Not just any home loans, but really good home loans. You don't even need a down payment! There are two types, but the most common is the USDA Guaranteed loan. This means that when you get  a loan, the USDA, much like FHA, guarantees the loan to the bank. They do this when the borrower does not have 20% down payment. The best part is there is no monthly mortgage insurance, like there is on FHA loans. You keep more money in your pocket every month.

You can be a first time home buyer or a move up buyer, either way is fine. The USDA guarantee covers 100%, so no down payment is required. In todays market, with motivated sellers and a lot of inventory, it is becoming very common for sellers to pay closing costs, which means you can buy a home with no money out of pocket. In addition, USDA loans are not credit score driven. Lower credit scores often qualify for USDA loans.

Drop me aa line today or give me a call and I can send you the complete USDA buyers program packet at no charge.