Having a hard time finding an affordable home? The United States Department of Agriculture (USDA) offers a great financing option for first-time and repeat homebuyers: a USDA Section 502 guaranteed home loan. This generous mortgage loan is aimed at low- to moderate-income borrowers willing to purchase a property in eligible rural and suburban areas and who meet USDA loan qualifications.
Consider the perks: USDA loans require no down payment, typically charge lower interest rates than other types of mortgage loans, and have no purchase price limits.
But it’s important to understand what’s involved with qualifying for a USDA loan. Take the time to learn more about eligibility requirements by reading my latest piece for Home.com, available here.
But it’s important to understand what’s involved with qualifying for a USDA loan. Take the time to learn more about eligibility requirements by reading my latest piece for Home.com, available here.
