USDA! It's More Than Beef...
By Stacia Whatley, StaciaSellsHomes Your Western WA Realtor®
(Hawkins-Poe Inc.)
USDA! It's More Than Beef... There is great news on the mortgage front. The United States Department of Agriculture (USDA) has announced that they have money to lend again! There are a few criteria for a buyer to qualify for a USDA loan, but more people qualify than you would think. I will walk you through a few criteria to help you decide if this loan program is right for you. LOAN PROGRAM BASICS: Rural Housing Direct Loans are loans that are directly funded by the government. These loans are available for low and very low income households to obtain home ownership. Applicants may obtain 100% financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas. Mortgage payments are based on the household...
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