USDA Housing Loan
As Little As 0% Down Financing Available, But Only With Certain Limits
The US Department of Agriculture (USDA) rural housing loan is available only to buyers who meet certain income and location requirements, but offers the potential for a 0% down for those who qualify.
USDA Home Loan
A USDA home loan offers home loans to those who qualify by living in certain areas and meeting the income cap requirements set forth by the USDA. The USDA has made an Income and Eligibility Site available to see if the requirements are met for the potential borrower and property. These loans may require as little as 0% down for those who are eligible. A USDA home loan is particularly affordable for first time homebuyers just starting out.
If you would like to learn more about a USDA home loan and you live in Wayne, Macomb, or Oakland county, Range Lending mortgage brokers are ready to help. We can answer your Michigan USDA home loan questions, including about the eligibility the prospective property. Click the button below to get moving, or simply give us a call today!