Are you ready to experience the benefits of owning a home? If so, the United States Department of Agriculture can help. The USDA Loan program allows rural and suburban homebuyers to apply for a USDA loan — offering zero-down payment, low interest rates and no monthly PMI charges for qualified buyers.
Sheryl Rohen, an experienced mortgage lender with Top Flite Financial, helps first time homebuyers and seasoned homeowners save money through the USDA loan program. Sheryl remains committed to helping you secure the financing you need to purchase your dream home.
USDA loans offer many benefits and protections not found within other loans — including interest rates and mortgage insurance. For eligibility, families must be without adequate housing but still be able to afford the mortgage payments, including taxes and insurance. An applicant’s credit background will be fairly considered when applying for an USDA loan.
There are two types of USDA loans:
- USDA Guaranteed Rural Housing Loans: For families of low to modest income that previously were unable to obtain adequate housing through conventional financing. Low income is defined as 50%-80% of area median income (AMI) and moderate income is defined as 80%-100% of AMI.
- USDA Direct Rural Housing Loans: Allows for families of very low to low income to purchase housing. Very low income is defined as 50% or below the AMI.
Sheryl Rohen will walk you through your options and help determine whether you qualify for a USDA loan. With her expert knowledge and attentive customer service you can expect a positive experience when coming to her for help on your USDA loan.
Begin your process of becoming a homeowner and find out if you are eligible for a USDA Rural Development Housing loan today.