USDA Property Eligibility: You Don’t Have To Live In “The Sticks”
Posted by Florida Realty Marketplace on
Check Your Address for USDA Property Eligibility
Zero down payment mortgage loans are always enticing. Even if you have the cash for a down payment, you may prefer to keep it on hand for emergencies, future renovations or to invest. USDA loans offer 100 percent financing for USDA-eligible homes.
USDA loans, formally known as the USDA Rural Development Guaranteed Housing Loan Program, are federally-insured loans. The program helps low-to-moderate-income borrowers and increases homeownership in underdeveloped areas.
The surprising thing about the USDA loan program is that the definition of “rural” is loose. You don’t need to buy a farm or live alone on a mountaintop to qualify for this loan program.
USDA loans are popular with qualified…
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