No down payment? Less than perfect credit? Have you heard about USDA Home loans?

A USDA home loan is a 100% financing (zero down payment) mortgage offered by the U.S Department of Agriculture to home buyers in rural and suburban areas of the country. Eligibility is determined by home location, income level, and other requirements.

Don’t let the name fool you, there are USDA properties available all over South Carolina, and they may surprise you! While the name may lead you to think you’ll be up with the chickens and milking the cows by 6 am, there are probably a lot of eligible properties right in the area you live now.

Here are some things to know about USDA Loans:

  • They have a lower down payment than conventional or FHA Loans
  • Lower mortgage insurance rates than conventional or FHA Loans
  • MORE LENIENT credit score requirements
  • They are the ONLY ZERO DOWN loan besides a VA, which requires military service.

Want more information? Contact me today and I will put you in touch with a mortgage specialist who can assist you in the easy process!

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Need to know if that house you have been looking at is USDA eligible? Check here:

DOES THIS HOME QUALIFY?