Do you want to invest in a home in a rural area? Is the price of the property too high? Take into account taking a USDA loan.
A USDA loan, supported by by the United States Department of Agriculture (USDA), is a mortgage program designed to support people who wish to buy a residence in a rural area.
However, the USDA home loan process is not as easy 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 seeking to purchase a home in a USDA-qualified rural or suburban area.
Income: They should have a steady, yet average income that does not go beyond certain limits, as these loans are aimed at aiding those with modest means.
Creditworthiness: While credit requirements are flexible, borrowers are usually expected to have a reasonable credit history.
Wave Lending Group in Puyallup is here to make the USDA home loan process simpler and stress-free!
As a trustworthy and expert mortgage broker, we provide lower USDA loan rates and a simplified application process, ensuring everyone can achieve their rural or suburban homeownership goals.
Call us now to find out more about USDA loans!
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