USDA Guaranteed LoanThe major benefits are:
- 100% mortgage LTV based on the APPRAISED value
- Zero down payment and no minimum contribution required.
- No limit on seller concessions or gift
- No mortgage insurance required
- No reserves required
- rate only
- Lenders must be USDA approved.
- Low interest rates
- Flexible Credit Guidelines
- Property must be in a rural eligible location
Not every home or buyer will qualify for this loan. If they do qualify they will be getting one of the top mortgages, with the lowest interest rates on the market today.
Here is a very short video that covers the basic qualifying factors. You should still review the rest of this site for more details:
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