If you qualify as a low-to-moderate income borrower, a USDA loan offers the option of no down payment when you buy in a designated rural area.
Rural area |n.| Usually has a population of 10,000 or less; however, a community with a population of 25,000 or less can be considered “rural” if it is located outside a metropolitan area.
Why loan officers love it
Branch Manager Cher Lemos loves USDA loans.
Continue reading USDA to the farming rescue at Movement Mortgage Blog.
via My Mortgage Insurance Blog
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