USDA

USDA still offering home loans for Rural Areas

USDA still offering home loans for Rural Areas

Interested in a home loan that requires no down payment, no private mortgage insurance and offers reasonable interest rates? Then the U.S. Department of Agriculture’s Single Family Housing program (SFH) might be right for you. USDA Rural Development’s mission is to increase economic opportunity and improve the quality of life in Rural America. The agency’s […]

How do I Qualify for USDA 502 Home Loan Program?

How do I Qualify for USDA 502 Home Loan Program?

by Ron White, Demand Media A United States government-supported program can help you buy a home in you live in a rural area. The Section 502 Loan Guarantee Program, administered by the U.S. Department of Agriculture (USDA), guarantees home loans to households if they cannot obtain loans through typical mortgage programs and qualify under rules […]

USDA Home Loans

USDA Home Loans

  USDA Home Loans allows 100% financing for a home purchase, or refinancing in a USDA designated rural area. These home loans are guaranteed by the United States Department of Agriculture and must meet guideline requirements. Home loan eligibility is based primarily on income and the property you are choosing to purchase. USDA Guidelines: Purchase or streamline refinance […]

Advantages of USDA Home Loans

Advantages of USDA Home Loans

  While the USDA Rural Development Department offers a direct mortgage loan, they also offer a guaranteed loan, backed by the U.S. government, similar to FHA or VA loans. Originally designed to help rural Americans realize the dream of homeownership, these mortgages can also be used to finance a wide array of properties from single-family […]

2013 … So Far So Good for the USDA Single-Family Loan Program

2013 … So Far So Good for the USDA Single-Family Loan Program

  By.Rich Obermeier The year 2013 has been good thus far for the USDA single-family program in adding additional scope to the refinance program, clarification to underwriting criteria and an eligibility deadline extension. Effective in February, the USDA added 16 new states to their Rural Refinance Pilot Program. Individuals with existing USDA-insured home loans located […]

USDA Funds Rural Broadband, Electricity Updates

USDA Funds Rural Broadband, Electricity Updates

USDA Rural Utilities Service Administrator John Padalino on Thursday announced funding for both rural electricity and rural broadband projects in several states during his address at a regional meeting of the National Rural Electric Cooperative Association in San Antonio, Texas. Electric Services Padalino said the USDA’ s electricity investments will benefit 23 states. “These investments […]

USDA Announces Cancellation and Postponement of Selected Reports Impacted by the Lapse in Federal Funding

USDA Announces Cancellation and Postponement of Selected Reports Impacted by the Lapse in Federal Funding

  WASHINGTON, October 17, 2013––The U.S. Department of Agriculture today announced that the National Agricultural Statistics Service (NASS) and World Agricultural Outlook Board (WAOB) have cancelled or postponed publication of selected USDA statistical reports impacted by the lapse in federal funding. NASS’s Crop Production and Cotton Ginnings reports and the WAOB’s World Agricultural Supply and […]

USDA Rural Development Single Family Housing Guaranteed Loan Program

Guaranteed Loans Offer Affordable Financing To Rural Homebuyers. The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership! Rural Development partners with approved local lenders to extend 100% financing opportunities to eligible rural individuals and families for the purchase […]

USDA

USDA Loans As you evaluate potential mortgage loan programs, you may find that a Rural Development Guaranteed Housing Loan—more commonly known as a USDA loan—is an ideal choice. These loans are insured by the U.S. Department of Agriculture (USDA). One of the major advantages is its 100% financing option. There is no minimum down payment. […]