Again, location is key. The USDA website can help determine if the property you are interested in falls within a USDA eligible area. Be sure the property is a condo, manufactured home, unit development, or single-family home.
While there are many benefits to enjoy, there are also fees involved, including an upfront mortgage insurance premium and an annual mortgage insurance fee. These fees are far less than what you'd pay in FHA mortgage insurance premiums, so it's a loan program that's definitely worth consideration.
Get started today. Make the call to (800) 910-4055, or complete the online application. Let our expert team guide you through your USDA loan.