USDA loans are mortgages that are insured by the US Department of Agriculture and focus on properties located in rural areas. The USDA determines specific areas of the country, based on population, and opens up the opportunity for those areas to benefit from homeownership.
USDA applicants will enjoy 100% financing and can even roll their closing costs into the loan in some instances. Credit score requirements are similar to FHA, however, family income is capped based on the median income of the county in which the property is located.
Contact our team today if you are interested in a property that may qualify for USDA financing!
This website is not intended to offer loan services for properties in New York.
CMG Mortgage, Inc. dba CMG Home Loans dba CMG Financial, NMLS# 1820, is an equal housing lender. CMG Mortgage, Inc. is an equal housing lender. AZ license #1037311. Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act No. 4150025. Regulated by the Division of Real Estate (CO). Georgia Residential Mortgage Licensee #15438. Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. Licensed by the Virginia State Corporation Commission #MC-5521. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and www.nmlsconsumeraccess.org.