USDA Loans: Important Factors To Consider
Abstract
USDA loans are one of many options for homebuyers looking to purchase a home with little money down. In this article, we'll cover what USDA loans are, who and what types of properties qualify, and the pros and cons of using this type of loan to finance your home purchase. What are USDA Loans? USDA loans are government-backed loans that are available to eligible homebuyers in rural and suburban areas. They are issued by the United States Department of Agriculture and are sometimes called Rural Development Loans. USDA loans can be used to finance the purchase of a home, as well as repairs and renovations. What Types of Loans Does the USDA Offer? There are several types of residential loans available through the USDA, including: Single-Family Housing Guaranteed The Single-Family Housing Guaranteed program helps moderate-income families finance the purchase of a Continued The post USDA Loans: Important Factors To Consider appeared first on FastExpert.