How To Obtain USDA NO DOWN-PAYMENT Government loans for Owner Occupied Primary Residences
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A USDA Home Loan is a Zero Down Payment Mortgage for Eligible Rural and Suburban Homebuyers
No Down-Payment Single Family Housing Direct Home Loans
Single Family Housing Home Loan Guarantees ( by income eligibility)
Low-Interest Fixed Rate
Apply for a Rural Housing Loan
Questions & Answers
Your next Real Estate transaction will most likely always be about the bottom line.
You are hiring a professional real estate agent's knowledge of the local market , their access to all home listings and sales data analysis to keep you from paying more that what the house is worth.
When it comes to working with the Government and USDA LOANS, you need an experienced professional to guide you through the process while protecting your best interest at all times...
SIMILAR TO FHA LOANS.....without the down payment!
100 Percent Financing and Less Stringent Credit Qualifications for Primary Residences
A Minimum 640 FICO Score is Required ( Some Credit Repair Assistance Provided)
All USDA Loans Are Based in Part on Location
Find Out If You Are Eligible For a USDA Loan PLUS
Get Access to Updated List Of USDA ELIGIBLE Listings
Are You Eligible?
Are You a US Citizen? or Have Permanent Residence Status?
100% Eligible USDA Homes in:
Find Hundreds Of Available Homes NOW! -- SAMPLE AREAS FOR AVAILABLE HOMES
Montgomery County
Frederick County
Mount Airy
Damascus
Poolesville
Brunswick
Dickerson
When you are renting a home, you are basically giving your freedom away to the landlord. They make the rules and decisions of your living space. They control your payment, the timing and your privacy. While being a homeowner gives you the right to live like you always wanted... under your own rules and under your control.
What are the basic guidelines for USDA loans?
The Importance in Having a Real Estate Professional Real Estate Agent On Your Side When Applying For a USDA Loan
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Q:
A:
USDA does not 'approve' homes. Rather, the property in question must be eligible for USDA financing. To be eligible for USDA financing, homes must be located in 'rural' areas. By definition, the usually means an area with less dense population ( However, there are exceptions to the rule).
How can I get a list of eligible USDA homes?
Q:
A:
There are two types of properties. Homes that were foreclosed upon the USDA rural development department and, properties that are located inside an eligible area that are approved for financing. Please fill in the form on this site to obtain the latest list of homes in the areas of your choice.
How many types of USDA Loans are there?
Q:
A:
There are two types of USDA loans: Direct housing loans designed to help low and very low income individuals buy a home...and Guaranteed loans designed for moderate-income buyers to buy a home. The loans don't require a down payment, but borrowers must have an adequate credit history and the resources to repay the loan.
Where can I get more information about the programs and services that the USDA provides?
Q:
A:
To see all the programs that USDA covers, just go to United States Department of Agriculture Rural Development.
What is a USDA Loan? and Who Qualifies?
Q:
A:
USDA is a Government Program that guarantees to fund home loans for - only owner-occupied primary residences.
Other eligibility requirements include: U.S. citizenship (or permanent residency)
What is The Income Limit for a USDA Loan?
Q:
A:
For a majority of U.S. counties, USDA loan income limits are in general around $80,000 for 1 – 4 household members and over $100,000 for 5 or more. Exact income limitations will vary from location to location.
What Credit Score is Required for a USDA Loan?
Q:
A:
The minimum required credit score for applicants is at least 640
How Do I Qualify for a USDA Loan?
Q:
A:
To qualify for a direct USDA loan, your adjusted income must fall at or below what the USDA considers “low income” in the area you want to live in. Each area is different. Please fill the form in this website to get more specific information about the exacta areas you are interested in.
INFORMATION & LISTINGS FOR USDA LOANS IN:
AL Alabama - AK Alaska AZ Arizona AR Arkansas CA California CO Colorado CT Connecticut DE Delaware FL Florida
GA Georgia HI Hawaii ID Idaho IL Illinois IN Indiana IA Iowa KS Kansas KY Kentucky LA Louisiana ME Maine MD Maryland
MA Massachusetts MI Michigan MN Minnesota MS Mississippi MO Missouri MT Montana NE Nebraska NV Nevada
NH New Hampshire NJ New Jersey NM New Mexico NY New York NC North Carolina ND North Dakota OH Ohio OK Oklahoma
OR Oregon PA Pennsylvania RI Rhode Island SC South Carolina SD South Dakota TN Tennessee TX Texas UT Utah VT Vermont
VA Virginia WA Washington DC Washington DC WV West Virginia WI Wisconsin WY Wyoming
Reasons Why The Government Wants You To Become a Homeowner:
#1 FREEDOM
#2 FINANCIAL STABILITY
#3 FORCED SAVINGS
Owning a home can also be a tremendous boost to your financial future. Us housing prices are rising at twice the speed of inflation and pay. According to an article published on CNBC https://www.cnbc.com/2018/06/06/us-house-prices-are-going-to-rise-at-twice-the-speed-of-inflation-and-pay-reuters-poll.html
Regardless whether you rent or buy, you are always faced with housing costs every single month. While your rent payments vanish into thin air, house payments build a type savings for your own future ... in the form of an equity build-up.
#4 TAX BREAKS
Homeowners get to deduct the interest paid on their mortgage, property taxes and even some of the costs associated with buying their home. As an added benefit, when they decide to sell their home, they may be able to keep your profits TAX FREE! ($250,000 if you’re single and $500,000 if you’re married) without paying any capital gains taxes!
#4 RETIREMENT
Most people would be better off not having mortgages in retirement. Financial planners always recommend to pay off your home just before retirement if you have the financial assets to do so.
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