We have received many questions lately regarding USDA financing and closing costs. Generally speaking, for a new home purchase in Texas, the buyer can expect to pay around 4.5% (of the purchase price) for closing costs and prepaid escrow requirements. Escrow requirements include prepaid taxes and home insurance. The home seller will have “customary” closing […]
USDA Loans
USDA Loans in Tennessee: 100% Financing for Eligible Homebuyers
For many Tennesseans dreaming of homeownership but struggling with down payment hurdles, USDA Rural Housing Loans offer an affordable solution. These government-backed mortgages provide 100% financing for income-eligible buyers in approved rural and suburban areas across the state—including many neighborhoods just outside major metro areas like Nashville, Knoxville, and Memphis. 🟩 What Is a USDA […]
What is the USDA Loan Guarantee?
The term “guarantee” is fairly straightforward. There is an inherent pledge from one party to another to ensure the performance of an agreement. In the mortgage world, it also has a meaning and specifically with the USDA home loan program. But for those that aren’t familiar with loan guarantees, the first notion is any applicant […]
Why Lenders Like USDA Loans and Borrowers LOVE Them
It might seem a bit odd at first that that United States Department of Agriculture has a mortgage program. Yet the USDA loan is probably the “go to” source for certain types of properties located in rural and semi-rural areas. Lenders like the USDA program because it allows them to finance homes in areas where […]
USDA Loans Still 100% Financing
USDA Rural home loans are one of two last remaining 100 percent home loans still available in Florida. The other option is a VA loan which requires current or past military duty. As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved. USDA Loan eligibility requirements […]
First Time Home Buyers Should Look At USDA Loans
Many first time buyers dream of the day they can afford to own their first home. Coming up with enough money for the down payment is often the primary obstacle for many first time buyers today. Even if that’s accomplished, other problems will start to arise like furnishings, monthly bills, transportation expenses and, worst of […]
Closing Costs with USDA Home Loans
The USDA home loan doesn’t require a down payment, which keeps “cash to close” as low as possible. Typically, it’s the down payment that keeps many buyers from buying a home when they want, but can’t because they need to save up for a down payment. Certainly, a 100% loan like USDA helps. But there […]
100% USDA Home Loans Naples & Collier County
USDA offers a great option for first-time homeowners in Naples Collier County seeking 100% financing. Buyers just don’t have many options today to purchase a home with NO money down. In fact, VA and USDA Rural Housing are the only government loan options that still allow Naples buyers to purchase a home with $0 cash […]
North Carolina First Time Buyer Approval Process
Buying your first home can be both exciting and scary at the same time. At the very first mention of buying your first home, suddenly there are real estate agents, insurance agents, friends and mortgage lenders who seem to appear willing to help. Yet knowing you want to buy your first home and finding out […]
Georgia USDA Loan Eligibility Checklist
Many locations in Georgia are still eligible for 100% USDA rural housing. Homebuyers considering a USDA home loan should first check they meet the USDA loan eligibility requirements. Below is a basic checklist of items that will determine if you are eligible for USDA financing. Keep in mind, the program has certain eligibility and qualifying […]
USDA Rural Housing Mortgage Income Limits Increase 2025
USDA Rural Development recently increased the household income limits for the 502 Guaranteed Program. This is great news, as this change will permit more families to qualify for the 100% Government-backed mortgage program. The current USDA income limits are listed below, these limits apply to most locations in the U.S. and will be valid thought […]
North Carolina USDA Mortgage Eligibility Guide For Homebuyers
The USDA Rural Development program offers a good opportunity for North Carolina homeowners to purchase a property with no down payment required. USDA loans provide up to 100% financing for approved rural and suburban locations, making it a viable option for many. The program does have a few key requirements for eligibility, mainly the property […]
USDA, FHA and VA Loan Guarantees Explained
There are three government-guaranteed mortgages available today. They are the USDA, FHA and VA loan programs and each is designed for a specific type of borrower or situation. They’re called guaranteed because the lender that made the loans is compensated for part or all of the loss should the loan ever go into foreclosure. A […]
Comprehensive Guide to USDA Loans in Kentucky
Buying a home is a pretty big milestone and represents a lifelong dream for many. However, the financial barriers can often restrict some, especially first time home buyers. Fortunately, USDA loans offer a viable solution for qualified homebuyers in Kentucky, providing opportunities to secure affordable housing with favorable terms. The United States Department of Agriculture […]
Florida USDA Loans Play Important Role For First-Time Buyers
For many, owning a home in the Florida seems like a distant dream, especially in today’s market where affordability often feels out of reach for first-time homebuyers. However, USDA loans play an important role for first-time buyers by offering a zero down payment financing solution with less financial strain. This key to the USDA 502 […]
Pensacola USDA Rural Loan – 100% Home Loans
If you thought you never had a chance at homeownership because of inadequate finances and low savings, then consider USDA Rural Housing Loan. Most of Escambia County is eligible for the program making it perfect for first time home buyers that have limited savings for a large down payment mortgage. What Exactly Is a USDA […]
USDA Loan Guarantee Fee Explained
There are three primary government-backed mortgage programs, and all three have some sort of upfront fee or guarantee fee. The three programs are the VA loan, FHA, and USDA. VA loans are reserved for veterans and other service personnel and require no down payment. The FHA loan can be used by anyone but does ask […]
USDA Loan Requirements Georgia
USDA Rural Housing provides a great opportunity for Georgia homebuyers to purchase a home with very little money out of pocket. Please read below to learn about the basic USDA loan requirements for Georgia, please contact us today with questions. Credit score – 620 min credit score is required in most cases for 100% financing. […]
100% USDA Loan South Carolina
There are three government-backed mortgage programs available to South Carolina home buyers today. Those three are the USDA, FHA and VA loan programs. USDA and VA are the only two that still permit 100% financing. The VA loan does not require a down payment yet is only available for veterans of the Armed Forces and Reserves […]
100% USDA Loan Nassau County Fla
The 100% USDA Loan Program remains one of the top first-time buyer programs in Florida. After all, this special program does not require any down payment there are also no maximum loan amounts. This program has been around Nassau County for years but the popularity has risen in recent years. Why? Zero down loan programs […]