Do you want to purchase a home in a rural area? Is the price of the property too high? Look into taking a USDA loan.
A USDA loan, supported by by the United States Department of Agriculture (USDA), is a mortgage program designed to help people who wish to buy a property in a rural area.
However, the USDA home loan process is not as simple as it sounds! Eligible borrowers should fulfill specific criteria to get a USDA loan. These criteria have to do with the:
Location: Borrowers must be looking to acquire a residence in a USDA-qualified rural or suburban area.
Income: They should have a steady, yet average income that does not exceed certain limits, as these loans are aimed at helping those with modest means.
Creditworthiness: While credit criteria are versatile, borrowers are typically expected to have a decent credit history.
Wave Lending Group in Puyallup is here to make the USDA home loan process simpler and hassle-free!
As a trustworthy and experienced mortgage broker, we provide reduced USDA loan rates and a simple application process, making sure everyone can achieve their rural or suburban homeownership goals.
Contact us now to learn more about USDA loans!
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