I can help you!
In most major cities, you can rarely find a property that meets all of things you want in a home.
The suburbs and surrounding towns may be your best option – and thanks to the USDA Rural Loan program you may be able to afford a larger house with a big backyard.
Don’t let the name fool you. The word “rural” does not necessarily mean you have to buy a property far from the city. Many small towns, as well as suburbs and exurbs of major cities, fall within the USDA definition of “rural.”
USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. This loan program can be used to buy an existing home or build a new home.
Rural loans are available to first-time buyers and repeat home buyers – provided you are going to use the home as your primary residence. (Vacation homes or second homes are not eligible.)
These features combine to create a program that helps make homeownership affordable:
Home buyers should know that the USDA loan program is intended to help individuals and families who have modest means.
Is a USDA Rural loan right for you? We can help you determine if a USDA Loan makes sense for your family. Contact Stearns today to learn more.
Aug 04, 2020
Jul 02, 2020
Jun 12, 2020