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Why Buy a Home with a USDA Rural Development Loan?

April 26, 2017buy Development Home loan rural usda

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Why Buy a Home with a USDA Rural Development Loan?

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In a word: Affordability. For starters, a USDA Loan is the only loan program offered to the general that allows you to finance 100% of your home’s value. That means no down payment of any kind. In addition, there is no monthly mortgage insurance payment with a USDA guarantee loan, which means more money can go to paying off the mortgage each month. USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.