Why USDA Mortgage Programs?

People are often overwhelmed by the different kinds of mortgages available today. Are you one of those people thinking of planning a property? If you have an idea of what you are searching for and your chosen price range, you can consider USDA mortgages.

USDA mortgages are supported by the US Department of Agriculture. In the past, this kind of loan was referred to as the farmer’s loan. However, contrary to what the majority of people might think, this loan isn’t only for farmers. This loan is only utilized for a home purchased in the rural areas. Take note that some homes are considered rural even when their population is 10,000 or less. In other cases, home in cities with a population of around 10,000 to 25,000 are eligible as well.

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USDA Mortgage Qualifications

In order for you to qualify for this loan, you must be:

US citizen or legally permitted citizen
Have an average credit history (should be presented with proof of payment)
Adjusted annual income less than the limit established by the USDA
The property MUST be located in a USDA approved area

Check the USDA approved areas

Benefits of USDA Mortgages to Applicants

Loans may include 100% of appraisal
30-year fixed rate mortgages
No down payment needed

Other Loan Programs

Conventional Mortgage

Conventional products provide a wide variety of homebuying and refinancing options for well-qualified borrowers. Government products restrict lending to only primary residences . . .

Investor Loans

Conventional products provide a wide variety of homebuying and refinancing options for well-qualified borrowers. Government products restrict lending to only primary residences . . .

FHA Loans

FHA loans are mortgages that are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

First Time Buyer Programs

Exploring local & national first-time homebuyer assistance programs is an important step in the journey to homeownership. Buying a first home is a big deal, so we here to help you!

Portfolio Products

Many borrowers need flexible products with low-interest rates, flexible terms, and minimal down payments. Affordability is the key to many borrowers being able to buy homes or . . .

VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low-interest rates and no down payment . . .

OTHER LOAN TYPES

Variant Lending Group offers a variety of home loans to fit your specific financial situation.

There are other types of loans that are less commonly known to the public yet can be made available to some clients on occasion. To find out more about what types of other loans we offer or that you qualify for, please contact us so we can assist you.

Apply other type of loan program