100%, Zero-Down, USDA Rural Development Purchase Home Loans In All 50 States.
Ask How To Qualify For An Extra *$50,000 Before Or After Closing!
100% USDA Purchase Loans For Stick-Build, Modular, & Manufactured Home Properties Nationwide.
Why Choose A USDA Home Loan?
Home loans offered by the USDA Rural Development program are some of the most robust mortgage programs available and backed by the United States Government. With competitive low rates, owning far exceeds the cost of renting in most areas of the United States.
USDA loans offer 100% zero-down-payment programs, with over 97% of the US having eligible property areas. You’ll want to choose USDA over FHA for many reasons.
One important reason is the lower mortgage insurance premiums; another is that FHA requires a 3.5% down payment, whereas USDA does not.
By having us check your address eligibility on properties outside of major cities, you could find more significant monthly savings by applying for USDA home buyer loans over other programs. However, if you are a United States Veteran, you will want to instead apply for a VA Loan, which has 100% financing and NO Mortgage Insurance.
*We do not offer new Dealer Manufactured Home Loans in New York.
What Are The Benefits Of USDA Home Loans?
Well, Multiple, Of Course!
On October 1, 2016, the USDA lowered the upfront guarantee and annual mortgage insurance fees due to better performance and demand for USDA loans.
Zero Downpayment. We offer 100% financing for single-family, modular, and manufactured homes on fixed foundations. Working with a seasoned banker, you may be able to structure the property for a true Zero-Out-of-Pocket loan.
Lower Mortgage Insurance. Premiums and costs are significantly reduced over those of FHA and conventional Loans.
Taxes and Insurance escrowed. We roll everything into one low monthly payment.
Credit Scores Down To 640. Less-than-perfect credit doesn’t have to stop you from qualifying.
Lower Rates Than FHA, Conventional, and Private Mortgage Loans.
Flexible Fixed Loan Terms: this means no adjusting rates, increasing your payments, and catching you off guard.
Qualified borrowers can access up to *$50,000 extra in unsecured financing available before closing or one day after closing.
Our process is quick and simple; we focus on the hard, behind-the-scenes work, making the process as simple as coming to you for the closing. We never pass you off to assistants who know little about you or your file. 1 banker, 1 loan = 1 successful closing! Apply For A USDA Home Loan Now.
USDA Lowers Mortgage Insurance Compared To FHA.
The USDA significantly reduced its upfront guarantee fee and monthly mortgage insurance annual premium fee. Like an FHA Loan, the USDA has two types of mortgage insurance they require since they offer 100% financing, an upfront guarantee fee, and a monthly fee.
The “upfront guarantee” is the fee added to the purchase or refinance amount. The USDA’s loan backing fee allows lenders to issue loans according to its guidelines.
The upfront guarantee fee before the change was 2.75 percent of the loan amount, a substantial premium at the time. The “annual fee” was 0.50 percent, paid in twelve equal installments in each monthly mortgage payment.
On October 1, 2016, the USDA upfront fee was updated.
Former upfront fee: 2.75%
New upfront fee: 1.00%
The USDA mortgage premium also has been lowered.
Former annual fee: 0.50%
New annual fee: 0.35%
These changes took effect on October 1, 2016, and the USDA will often review loan performance and adjust premiums again. However, you are locked in at these low rates once you lock in your premiums.
Why Should You Apply With USDA Nationwide?
We have over 25 years of experience as a team of bankers financing rural properties and a lifetime of growing up in the country for many of us. We’re passionate about what we do, so much so that we take your calls seven days a week if you require odd hours due to your schedule.
Sometimes, we have to call you back due to another call or being with our families, but we will provide you with our direct cell phone for text messaging and email. We use all technology to our advantage and yours.
You can initiate a chat using the blue bubble at the bottom right.
We explain the USDA program's benefits and requirements upfront, ensuring you can pre-qualify and obtain your dream home with little resistance and a smooth closing.
Call us to speak directly to our Top Rated® USDA Mortgage Lenders, or complete the eligibility form. We’ll give you the most accurate information for your build, purchase, or refinance and current USDA Loan Rates available to pre-qualify you instantly.
As Seen In
5 Star USDA Lender Reviews That WOW!
"Richie, OK... so you've officially done something I've never seen in 22+ years selling real estate. Closed a Loan on 224 Acres, with a Manufactured Home. CONGRATULATIONS! and THANK YOU!!! Admittedly, I was skeptical (more like pessimistic) when James told me you were going to get this Loan completed. And I had many doubts along the way, because I'd seen so many Lenders fall flat on their faces, just before the Closing. BUT... You got the Job DONE! Occasionally, I find someone out there who has done an Outstanding Job, helping my Clients... and You are one of these! I'm now officially a FAN of You and Your Work. I would be honored to promote you and your services to other Agents within our company, and I intend to do so. I will call you when I've caught up on my work a bit... and learn more about how I can do my job better on the next VA transaction." ~ Tom K. Licensed Realtor
How much Do You Pre-Qualify For? We’ll Find Your Max Amount!
We Work Hard To Obtain Your Dream Loan, For Your Dream Home!
We have over 25 years working together as a team, and over 100 years combined experience as an A+ rated FDIC bank helping our clients get competitive, low fixed-rate mortgages. By pre-approving you for your maximum amount to start, we work to get you a mostly underwritten loan approval, possibly even before you have a home picked out. We also promise never to spam you, sell your information, bombard you with robocalls, or provide anything but a clear, transparent conversation, from start to close.
TOUGH LOANS DON’T SCARE US, Not USDA, or any of the Hundreds Of Loan Programs We Have Available.
Aside from USDA Home Loans, we offer so many options. From Construction To Bridge Loans, Down Payment Assistance Programs, Doctor Loans, Veterinarian Loans, Nurse Practitioner Loans, First Responder Loans, Foreign National, ITIN, and Extensive Renovation Projects, even Manufactured Homes, each loan is as unique as the home! Treating our customers with extreme care and attention to detail, we can’t wait to serve you. We’re solution-oriented, efficiency-motivated, and highly skilled bankers working for you; let us help you today!