The Low Down On USDA Home Loans

There are several types of home loans available in today’s mortgage market. USDA home loans are just one option available to consumers. They are also among the most popular, especially due to their 100% LTV financing and the fact that they don’t require a down payment. USDA stands for United states Department of Agriculture, but USDA loans can be used for purposes other than just farming. This is an option to consider for home buyers who do not want to pay a down payment.   Types of the USDA home loans   Following are some of the more common types available for the home buyer. They include:    USDA Guaranteed Loan Program: This is the most popular type of USDA home loan, since it enables the borrower to purchase their homes with up to...

Read More