USDA loan

These loans are insured by US Department of Agriculture and are available to qualified individuals for buying or refinancing in an area not considered a major metropolitan by USDA.

There is a general misconception that USDA loans are ‘just for farmers’. In reality, they can be availed by anyone who meets minimum credit guidelines and local area income requirements. And although, it is required that your property not be in a major metropolitan area, it doesn’t mean that it has to be in a rural area. Many small communities just outside metropolitan are considered as rural area by USDA standards. Plus, these loans offer 100% financing and various other such advantages.