Found 2 blog entries tagged as Home Loans.

Is a USDA Loan Right for You?

If you thought U.S. Department of Agriculture (USDA) loans were just for farmers, think again. Many homes in small towns and even the suburbs are eligible for USDA loans. But hey, if you are a farmer, you can probably benefit from this loan type too.

What is a USDA Loan?

A USDA Guaranteed Rural Housing Loan is a 30-year mortgage with an interest rate determined by the lender. They were long thought of as just for farmers, but the program has been expanded in recent years to help families without adequate housing finance the purchase of a home in a rural area.

A USDA Guaranteed Rural Housing Loan is 30 years, with an interest rate determined by the lender. No down payment is required (yes!), which sets these…

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No Bad Options: Decide Among The Many Good Mortgage Products Available Today

There is no "right" answer to the question, "Which loan type is best?"

In fact, the best answer is, "it depends".

No two home buyers are alike, so the best loan program for one buyer is likely unsuitable -- or plain unavailable -- to another.

That's why today's home buyer is fortunate enough to have access to multiple programs. It's up to the buyer and his or her lending adviser to make the right call based on these and other questions:

  • Which loan has the lowest monthly payment?
  • What option requires the least amount upfront?
  • What will cost me less over time?
  • Which loan type is suitable for my credit score?
  • How does my income affect the products…

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