USDA is low rate 100% financing in approved rural areas and townships
- $-0- Buyer contribution required
- The seller can pay all closing costs up to 6% of the loan amount or the buyer can finance all closing costs within the appraised value if the appraisal comes in higher than the price.
- There is no Purchase price or Loan limit, but borrowers must meet the income guidelines
To find out if the area you’re shopping in is approved, and if you meet the income guidelines, Give me a call! Or feel free to go to the Single Family Housing Guaranteed product on the USDA website.
But don’t give up if it doesn’t look like it works – Call now and let me help you with this!!