USDA home Loans info and benefits: 100%Financing

 USDA Home Loans, also known as " USDA rural development loan," are backed by the United States Department of Agriculture and designed to help low-to-moderate-income families achieve homeownership in eligible rural and suburban areas. 100% financing with no down payment.

Are you eligible?

USDA loan eligibility" refers to the criteria that determine whether a borrower qualifies for a USDA loan, including income limits, property location, and credit requirements, Credit scores as low as 540. 

1. No Down Payment: One of the most significant advantages of USDA Home Loans is the 100% financing option. This means you can buy a home without needing to save for a down payment.
2. Low Interest Rates: Guild offers USDA loans that often come with competitive interest rates, making your monthly mortgage payments more affordable.
3. Flexible Credit Requirements: USDA loans have more lenient credit requirements compared to conventional loans, making it easier for families with less-than-perfect credit to qualify.
4. No Private Mortgage Insurance (PMI): Unlike other loan programs, USDA loans do not require PMI, which can save you money over the life of the loan
5. Closing Cost Assistance. Guild also offers assistance with closing costs up to $12,500 for those who qualify. 
6. Manufactured Homes: We now offer USDA financing on manufactured homes.

1. Check Eligibility: Use the USDA's online tool to see if your desired property is in an eligible area.
2. Submit: Work with Guild Mortgage - Peter Knap Team to start your application.-  START HERE
3. Submit Documentation: Provide necessary documents, such as proof of income, credit history, and employment.
4. Get Pre-Approved: Once your application is reviewed, you can get pre-approved and start house hunting!
5. Real Estate Agents: Do you need an agent who is familiar with USDA housing and financing? Let me know. 404-276-4268