Home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns and suburbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no down payment option.
With flexible requirements, USDA loans feature:
Eligibility is based on the property size, location and condition along with income and other qualifying factors. Some of these requirements include:
Apply Now or contact us to discuss your personal situation and to determine if a USDA rural development mortgage is a viable option for you.
With flexible requirements, USDA loans feature:
- 100% financing + required guarantee fee = 102% of the appraised value
- Low FICO score requirements
- Low interest rates
- Low closing costs
- Gift funds can be used for closing costs
- 30-year, fixed-rate mortgage
Eligibility is based on the property size, location and condition along with income and other qualifying factors. Some of these requirements include:
- Property must be located in a USDA designated rural area
- Maximum loan limits vary based on location
- Household members can have a total income of up to 115% of the medial income for the area
Apply Now or contact us to discuss your personal situation and to determine if a USDA rural development mortgage is a viable option for you.
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Complaints may be directed to: 877.699.0353
customerservice@fairwaymc.com |
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NMLS#1883447
Peter L Cea Loan Officer 239.877.9319 4107 N. Himes Avenue Suite 2B Tampa , FL 33607 |
Copyright @2019 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.