USDA Rural Housing Loans

In select areas 100% financing is available bringing the dream of home ownership within reach. With low interest rates and flexible guidelines a USDA home loan could help you achieve your financial goals.
Who qualifies for a USDA Mortgage (subject to change)?

Eligibility is based both on the property and the borrower. The property must be located in a rural development eligible area, and be occupied as your primary residence. Your Cranbrook Loans Home Loan Professionalt can help you determine whether there are properties near you that qualify. Even if you do not consider your area “rural” you may be surprised to learn there are eligible properties nearby.

To qualify for a USDA Rural Housing loan a borrower must meet income (people who earn above a certain threshold are ineligible), credit, and employment requirements and be a US citizen, US non-citizen national, or a qualified alien. Contact us today and we’ll help you determine whether or not you may be eligible for USDA financing. If a USDA mortgage is not a good fit for you don’t worry, we have a wide variety of home loan programs to help you meet your goals.
There are certain eligibility requirements for both the borrower and the property to be purchased. Borrowers must meet certain income, credit and employment requirements while the home to be purchased must lie within the USDA’s Property Eligibility Map.

Rural does not mean remote Please do not assume that the eligible properties are all located miles and miles from civilization. A quick check with the USDA’s website will allow you to track down homes that meet the USDA guidelines. Guess what? Many of them are in close proximity to some of the nation’s fastest growing metro areas.
Affordability USDA financing is one of the only mortgages available to the general public that offers zero down, other than those for members of the US military. It is a great option for anybody, since its one of the most overlooked loans — we at Cranbrook Loans highly recommend you ask if you qualify for a USDA loan. Mortgage insurance is not required and loans can be used to purchase or refinance. Monthly payments are kept affordable, thanks to the fact that the loans are 30-year fixed rate mortgages.

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