Do you want to invest in a property in a rural area? Is the cost of the property too high? Think about taking a USDA loan.
A USDA loan, supported by the United States Department of Agriculture (USDA), is a mortgage program designed to support individuals who aim to buy a residence in a rural area.
However, the USDA home loan process is not as straightforward as it sounds! Eligible borrowers should satisfy specific criteria to get a USDA loan. These criteria have to do with the:
Location: Borrowers must be searching to get a house in a USDA-qualified rural or suburban area.
Income: They should have a stable, yet average income that does not exceed certain limits, as these loans are aimed at aiding those with modest means.
Creditworthiness: While credit requirements are versatile, borrowers are typically expected to have a reasonable credit history.
Wave Lending Group in Puyallup is here to make the USDA home loan process simpler and hassle-free!
As a reputable and expert mortgage brokerage company, we provide low USDA loan rates and a simplified application process, ensuring everyone can achieve their rural or suburban homeownership goals.
Contact us today to find out more about USDA loans!
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