USDA
We offer affordable loans to borrowers who meet the "rural" and income guidelines.
What Is A USDA Loan?
Understanding USDA Loans
USDA loans, facilitated by Rural Housing Services (RHS), are offered to buyers who fulfill certain income criteria and are intended for rural homes that will serve as the owner's main residence. Although these loans do not mandate a down payment, borrowers are obligated to pay a guarantee fee.
Key Advantages of Securing a USDA Loan
No Down Payment Required
Reduced Interest Rates
Affordable Mortgage Insurance Premiums
Numerous properties are eligible as rural
USDA Loan Qualification Requirements
Income
USDA Loans come with specific income thresholds, which vary based on the number of occupants in the household and the county in question.
Location
These loans can only be accessed in areas that are approved by the USDA; however, 97% of land in the United States is classified as “rural” and qualifies for USDA financing.
Good Credit
To be eligible for USDA Loans, applicants need to possess a credit score of at least 640
Citizenship And Residency
To qualify, you must either be a US citizen or a permanent resident.
Free Cosultation
When you’re in the market for a home, we’re pleased to provide you with a complimentary “pre-approval” service, which entails obtaining a credit report. Our letters of pre-approval are articulated with great emphasis and are highly esteemed, significantly enhancing the strength of your offers in competitive scenarios. Sellers tend to be cautious about accepting bids when the financing is uncertain, and no lender instills more confidence in sellers than we do.
Free Pre-Approvals
Should you not be prepared to purchase a home and are merely seeking information about down payments, monthly payments, credit concerns, the complete process, or any other related topics, we would be glad to address all your inquiries. Likewise, if refinancing is on your mind, we are more than willing to assess and discuss all available options with you.
Call us for backup! - 24/7
+1 787 678 000
Give us a call for assistance, inquires or to find out what you qualify to
Contact Us
445 Park Ave. NYC
+1 212-763-3700
info@acme.com
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