A USDA loan is a home mortgage offered by the United States Department of Agriculture (USDA). The program is designed to help rural Americans buy homes. These loans don’t require a down payment and carry low, fixed interest rates. However, there are some important requirements for eligibility. Read More
Obtaining a mortgage usually requires that people have at least 20 percent of the purchase price on a house in order for some lenders to grant them the loan. This requirement made it impossible for many lower income families to stop renting and become homeowners. Read More
The mortgage down payment is a barrier faced by first-time home buyers for generations. Even if you have steady employment and good credit scores, a large down payment can be much harder to achieve. Read More
Coming up with a down payment and mortgage closing costs can be a difficult thing for many prospective homeowners. The good-ole-days of zero-down mortgage loans with no closing costs and everything rolled into the loan are gone. Read More
The USDA stands for United States Department of Agriculture. That’s the federal agency that provides USDA Rural Development programs for the purpose of encouraging economic development in rural areas. Rural Development programs also help the people living in qualifying rural areas afford better housing. Read More
