+ A A A -
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.
This answer has been viewed 1851 times.