USDA Loan Program

USDA Rural Development and its loan program have been improving the economy and quality of life throughout rural America for many years. The program has made the dream of homeownership possible for tens of thousands of people throughout the United States.

Just some of the great features of USDA loans include:

oNo down payment requirement for qualified borrowers
o$0 move-in possible for qualified borrowers
oNo monthly Mortgage Insurance (until October 1, 2011)
oNo cash reserve requirements
oThe seller can pay closing costs and pre-paids (some restrictions apply)

As noted above, monthly mortgage insurance will begin on October 1, 2011. But even after this fee begins, USDA will continue to be a wonderful option for homebuyers.

If you want to learn more about the USDA loan program, or to see if any of your clients and the properties they are looking at qualify for a USDA loan, call or email me anytime. I'm always happy to review their situation free of charge.