Loan Products and Programs | USDA Loan

  • October 2019
  • Posted By: Michael Leake

USDA Loan near Virginia Beach or within Virginia?

There are many different mortgage providers, from globally known brands to more localized institutions. The range of choice means that you need to do a bit of research in advance to understand how to make an educated decision about which loan suits your financial needs.

USDA Loan

Loan Products and Programs - USDA Loan

This zero-down, 100% financing home loan is sponsored by the United States Department of Agriculture to promote homeownership In fact, a full 97% of U.S. land mass is eligible for USDA financing The USDA Loan is a mortgage option available to some rural and suburban homebuyers. USDA Home Loans are issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA). USDA Home Loans are particularly favorable to those living in rural or low-income areas. USDA Loans offer $0 money down, lenient eligibility requirements and competitive interest rates - due to the loan being guaranteed by the USDA. USDA mortgages stand alone as the only mainstream zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a home loan program that offers more favorable terms. USDA Loan

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