MORTGAGE.INFO LENDER HOTLINE: 888-581-5008 What is a USDA Loan? The United States Departments of Agriculture has set us a variety of loans that are made to help low- or moderate-income people buy, repair, or renovate rural homes. There are some great opportunities for low income families in rural areas to take advantage of with a USDA loan. There are three USDA mortgage loan programs to help you find a program that most fits your situation. Loan guarantees, Direct loans, and Home improvement loans and grants. Loan guarantees are loans that the USDA guarantees. This is a mortgage that is issued and approved by a local lender, much like FHA and VA backed loans. This allows for very low interest rates, and sometimes no down payment is required. However keep in mind that if there is little to no money down on your home there will be an MIP requirement. Direct Loans are also issued by the USDA which allow for very low income applicants. These thresholds can vary by region. However this can be a great opportunity for low-income families to get the help they need for necessary expenses. Home improvement loans and grants are loans or outright financial awards that permit homeowners to repair or upgrade their homes. Packages can also combine a loan and a grant, providing up to $27,500 in assistance. The USDA’s eligibility requirements: Must be a US citizen Must make monthly payments Must have a dependable income Requires an acceptable credit history USDA loans are also only eligible in rural areas. In general Metropolitan areas are excluded from USDA programs. If you think your home may apply talk to a lender today and get the assistance you need.

1. USDA
LoansMORTGAGE.INFO
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

2. What is a USDA Loan?
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

3. The United States Departments of Agriculture
has set us a variety of loans that are made to
help low- or moderate-income people buy,
repair, or renovate rural homes. There are
some great opportunities for low income
families in rural areas to take advantage of
with a USDA loan.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

4. There are three USDA mortgage loan programs
to help you find a program that most fits your
situation. Loan guarantees, Direct loans, and
Home improvement loans and grants.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

5. Loan guarantees are loans that the USDA guarantees.
This is a mortgage that is issued and approved by a
local lender, much like FHA and VA backed loans.
This allows for very low interest rates, and sometimes
no down payment is required. However keep in mind
that if there is little to no money down on your home
there will be an MIP requirement.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

6. Direct Loans are also issued by the USDA which
allow for very low income applicants. These
thresholds can vary by region. However this can be a
great opportunity for low-income families to get the
help they need for necessary expenses.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

7. Home improvement loans and grants are
loans or outright financial awards that permit
homeowners to repair or upgrade their
homes. Packages can also combine a loan and
a grant, providing up to $27,500 in assistance.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

8. The USDA’s eligibility requirements:
Must be a US citizen
Must make monthly payments
Must have a dependable income
Requires an acceptable credit history
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

9. USDA loans are also only eligible in rural areas. In
general Metropolitan areas are excluded from USDA
programs. If you think your home may apply talk to a
lender today and get the assistance you need.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

10. MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008
CLICK HERE
TO LEARN MORE
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

11. Justin McHood is Americas Mortgage
Commentator and has been providing
Mortgage commentary for over 10 years.
Information provided by:
Justin McHood
MORTGAGE.INFO
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

12. LEARN MORE ABOUT MORTGAGE.INFO:
MORTGAGE.INFO _MORTGAGEINFO
FACEBOOK.COM/WWW.MORTGAGE.INFO
PINTEREST.COM/MORTGAGE_INFO
LENDER HOTLINE: 888-581-5008
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008