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| USDA Loan Programs |
USDA Home Loan Program
What is a USDA Loan?
A USDA Guaranteed Loan is Government insured
100% purchase loan. These Loans are only
offered in rural areas and serviced by direct
lenders that meet federal guidelines.
A USDA Guaranteed Loan is Government insured
100% purchase loan. These Loans are only
offered in rural areas and serviced by direct
lenders that meet federal guidelines.
USDA Loan Limits
USDA Income Limitations
USDA Home Loan Guidelines
USDA Loan Information
USDA Updates For 2009
USDA Income Limitations
USDA Home Loan Guidelines
USDA Loan Information
USDA Updates For 2009
Loan Guarantee Program (Section 502)
Under the Guaranteed Loan program, the Housing and
Community Facilities Programs guarantees loans made by private
sector lenders. (A loan guarantee through HCFP means that,
should the individual borrower default on the loan, HCFP will pay
the private financier for the loan.) The individual works with the
private lender and makes his or her payments to that lender.
Under the terms of the program, an individual or family may
borrow up to 100% of the appraised value of the home, which
eliminates the need for a down payment. Since a common barrier
to owning a home for many low-income people is the lack of
funds to make a down payment, the availability of the loan
guarantees from HCFP makes the reality of owning a home
available to a much larger percentage of Americans.
Under the Guaranteed Loan program, the Housing and
Community Facilities Programs guarantees loans made by private
sector lenders. (A loan guarantee through HCFP means that,
should the individual borrower default on the loan, HCFP will pay
the private financier for the loan.) The individual works with the
private lender and makes his or her payments to that lender.
Under the terms of the program, an individual or family may
borrow up to 100% of the appraised value of the home, which
eliminates the need for a down payment. Since a common barrier
to owning a home for many low-income people is the lack of
funds to make a down payment, the availability of the loan
guarantees from HCFP makes the reality of owning a home
available to a much larger percentage of Americans.
ATTN Lenders / Loan Officers: If you are currently able to fund USDA purchase mortgages, please apply to join our
Government Mortgage Lender Network.
ATTN Consumers to find alternative Government Mortgage Programs, Click Here
Government Mortgage Lender Network.
ATTN Consumers to find alternative Government Mortgage Programs, Click Here