Looking for a home loan that offers low rates and affordable payments? Consider a USDA loan. As a leading provider of USDA loans, Raleigh Mortgage Group can help you secure the financing you need to buy your dream home. The USDA guaranteed loan program is administered by The U.S. Department of Agriculture and offers a variety of programs to help individuals living in small towns or rural areas achieve homeownership. USDA provides 100% financing on purchase loans and offers a Streamline Refinance option for an existing USDA mortgage.
USDA Loans are primary residence loan and are an attractive option for the following reasons:
- Offers 100% financing
- Minimal closing cost
- Offers some of the lowest interest rates available
- Flexible credit requirements
- Financing allowed up to the MARKET VALUE (appraised value) of the home
- Up-front Guarantee fee eliminates any monthly mortgage insurance (Guarantee fee can be financed into the loan)
- Greater buying power than other programs with the same monthly payment
- Can be used toward the purchase of a previously owned or a newly constructed property
Qualifying is based upon household income, qualifying income, credit history and location of the property. If you are interested in a USDA loan, call Raleigh Mortgage Group at 919-866-0212 today to speak with an experienced and knowledgeable loan officer. For more information, check our out blog post Everything You Need To Know About USDA Loans.