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What is a USDA Loan?

The program known as the USDA Rural Development Guaranteed Housing Loan is backed by the United States Department of Agriculture (USDA) and provides low to moderate income families affordable home-ownership opportunities in rural and suburban areas across the United States. USDA eligible properties are typically located outside of city limits, in suburbs or rural areas. The USDA Guaranteed Loan is not meant to finance farms rather they are geared towards the standard single-family home.

USDA Loans (Section 502 Guaranteed Rural Housing Loan). The USDA Home Loan Program is available to anyone that meets income and credit requirements. Offering 100% financing with no money down, now you can purchase a home without having to save up for a hefty down payment. The USDA Home Loan’s mortgage insurance fee is just 0.35% monthly – nearly half of what is charged on a conventional loan and a quarter of what is charged on FHA loans.

This zero-down, 100% financing home loan has income limits, and property eligibility requirements; however you don’t have to be a first time home buyer.

**Welcome Home Loans, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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