If you're looking to purchase a home in a rural area, you may be eligible for a USDA loan. These government-backed loans are available to those who meet certain income guidelines and are looking to buy in an eligible rural area.
USDA loans offer several important benefits, such as low interest rates and no down payment requirements in many cases. They were created to help lower-income homebuyers secure mortgages, particularly with the goal of helping populate rural and less-developed areas.
To be eligible for a USDA loan, you must meet certain income guidelines and be looking to purchase a home in an eligible rural area. These areas are designated by the USDA and can change from time to time. At Primary Residential Mortgage Inc., we're familiar with the current designations and can help you determine whether you qualify.
If you do qualify, we'll help you gather the necessary documentation and walk you through the entire loan process. We're committed to helping our clients take advantage of every available government program to make homeownership more affordable. Contact us today to learn more about USDA loans and find out whether you may qualify!