USDA Loans
100% Financing for Rural Homes
The USDA Rural Development Loan is one of the best-kept secrets in the mortgage industry. Designed to boost rural development, this program offers $0 down payment options for homes in designated “rural” areas.
Don’t let the word “rural” fool you—many suburban areas just outside of major cities in North Carolina, South Carolina, and Tennessee still qualify!
Why We Love
USDA Loans
Zero Down Payment
One of the only true 100% financing options available to non-veterans.
Zero Down Payment
One of the only true 100% financing options available to non-veterans.
Lower Insurance Costs
The monthly mortgage insurance fees are often lower than FHA loans.
Lower Insurance Costs
The monthly mortgage insurance fees are often lower than FHA loans.
Competitive Rates
Rates are often lower than comparable conventional options.
Competitive Rates
Rates are often lower than comparable conventional options.
Is This Loan
Right for You?
To qualify for a USDA loan, the home must be your primary residence and located in an eligible area.
Location
The property must be in a USDA-designated zone (Corey can look this up for you instantly). The property must be in a USDA-designated zone (Corey can look this up for you instantly).
Income Limits
There are maximum income limits for the household (varying by county).
Credit
A credit score of 640+ is typically recommended.
Corey's Tip:
“Many people are surprised to find that beautiful homes just outside of Swansboro and Jacksonville city limits often qualify for this zero-down program.”