Getting a house is probably one of the biggest accomplishments that most people can every do in their lifetime. However, getting one is not as easy as it seems. The best chance for you to get a home is by getting a mortgage. Applying for a mortgage however, can be a tedious process. You have to prepare your finances beforehand to make sure that your mortgage would be processed in time. Certain charges such as the closing costs and the down payment need to be settled once you apply for a home loan. But what if there's a way for you to get a loan even without making a down payment?
The United States Department of Agriculture has made a program that aims to assist low-income borrowers in getting a mortgage in select rural areas. It was originally made to develop rural areas by providing loan assistance to certain locations. Since then, the USDA guaranteed loans has become a great alternative for eligible borrowers to get into their dream house. But what does it take to apply for a USDA home loan?
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Primary Residential Mortgage, Inc.
Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.