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!
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*All lender closing costs such as origination, processing, underwriting, and closing will be waived, borrower is still responsible for third party fees such as VA funding, title, and appraisal etc. Down payment waiver is based on VA eligibility. This offer is valid 2/1/2018 – 12/31/19.
Savings only applies to direct originations made by PrimeLending for first mortgage purchase or refinance transactions, and is not available on loans obtained through mortgage brokers. Only one offer per loan transaction is available, and savings cannot be combined with any other offer. Savings will reflect on Closing Disclosure at closing. Borrower must lock their loan before 12/31/19.
**A pre-qualification is not an approval of credit, and does not signify that underwriting requirements have been met.
*Restrictions May Apply.
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