USDA LoanGuaranteed by the USDA, this mortgage option was originally created to help rural Americans purchase a home of their own. USDA home loans provide significant benefits to homebuyers who qualify.
What you need to know about USDA loansThe USDA home loan was created to improve the economy and quality of life in rural and suburban America. It has less stringent qualifications and credit requirements compared to many other financing options. No down payment is required for a USDA mortgage up to the appraised value of the home when the county maximum loan limit is not exceeded. Income limits to qualify vary by location and depend on household size.
If you’re interested in a USDA loan, getting pre-qualified is a great place to start. If the home you want to purchase is not in a location that qualifies, consider an FHA loan or conventional financing. Talk to your Certainty Loan Officer to see if you qualify today.
No down payment for qualifying homebuyers in designated areas
Flexible qualifying guidelines that allow low to moderate income borrowers
Allows seller contribution for closing costs
Great interest rate options because these are backed by the government