USDA just published new household income limits for the 502 Guaranteed Loan program. The newly increased income limits will be in place for the remaining part of 2023, and into most of 2024. (NOTE: please see the new update … [Read more...] about New 2024 USDA Mortgage Household Income Limits
USDA Mortgage Guidelines
Georgia USDA Rural Development Loans
The USDA Rural Development 502 Guarantee Loan is a federally funded program allowing approved lenders and banks the ability to offer 100% financing to eligible home buyers in Georgia. In fact, all 50 states have eligible locations … [Read more...] about Georgia USDA Rural Development Loans
Alabama Rural Housing Loans
Alabama Rural Housing loans offer a way for first-time home buyers to purchase a home with no down payment. The truth is home buyers just don't have a lot of options to purchase a home with zero down payment. In fact VA and USDA … [Read more...] about Alabama Rural Housing Loans
Lakeland Polk County USDA Home Loan
The Lakeland USDA home loan has become a great resource for many first-time home buyers in recent years. USDA Rural mortgages offer several benefits, keeping in mind the limited savings most first-time buyers have. The USDA 502 … [Read more...] about Lakeland Polk County USDA Home Loan
USDA Closing Costs
Home buyers often want to know what they can expect to pay in USDA closing costs when obtaining an RD loan. Generally speaking, for a home purchase, buyers can expect to pay 3-6% of the sales price for closing costs and pre-paid … [Read more...] about USDA Closing Costs
USDA Loan Application Alabama
Alabama home buyers often ask if they should get their mortgage pre-approval in advance before shopping for a home. The short answer is Yes! Getting your USDA mortgage pre-qualification in advance is important on many levels. … [Read more...] about USDA Loan Application Alabama
Oklahoma USDA First Time Buyer Program
It's still possible for first-time home buyers in Oklahoma to purchase a home with NO money down in 2024. The USDA Rural Housing loan is government-backed and has secure fixed interest rates. Many locations in Oklahoma are still … [Read more...] about Oklahoma USDA First Time Buyer Program
North Carolina USDA Housing Loan
The North Carolina USDA Housing Loan is still a little-known mortgage program that many first-time home buyers are not aware of. This government-backed 100% home mortgage offers a home-buying opportunity hard to find … [Read more...] about North Carolina USDA Housing Loan
2024 USDA Rural Development Guarantee Fee
Last year USDA Rural Housing reduced the upfront guarantee fee (also known as the funding fee) charged on USDA housing mortgages. In addition, they also lowered the monthly mortgage insurance or "annual fee" thus saving home … [Read more...] about 2024 USDA Rural Development Guarantee Fee
USDA Home Loan Benefits
US home buyers still have one good no down payment - USDA Rural Home Loans. 100% financing makes USDA loans among the most desirable of loan programs for home buyers located in approved locations. The only other programs out … [Read more...] about USDA Home Loan Benefits