If you feel more at home surrounded by rolling pasture instead of traversing the urban jungle, then a USDA loan may be right for you. These loans are guaranteed by the US Department of Agriculture and can be used for farms or rural businesses, but commonly are used for homes in rural areas.
Why Choose a USDA Loan?
USDA loans allow you to finance the entire cost of the property, meaning no down payment required. This can be a good option for borrowers with average credit but limited funds for down payment.
Income limits to qualify for a home loan vary by location and household size and additional requirements for borrowers apply. Check here to see more eligibility requirements.
Thinking about a USDA mortgage loan? Whether you are considering a USDA loan or would like to explore the many other mortgage products we have available our experienced mortgage advisors at Preferred Mortgage Source are here to help you choose the best option.
Give us a call at 404-383-1003 or complete our easy contact form below and we will contact you soon.
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