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What is a USDA loan?

A USDA home loan is a mortgage loan offered to rural property owners by the United States Department of Agriculture.  Applicants must meet the USDA property and income eligibility requirements.    Some benefits of a USDA loan are:

  • No down payment financing 
  • No reserves required  
  • Not limited to first time homebuyers,
  • Gift money ok for closing
  • Flexible underwriting guidelines.
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