USDA Home Loans

A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home with NO Money Down. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. (6% seller concessions cap. All closing costs may not be covered.)

USDA Loan Eligibility is determined by these factors:

Where You Live
In order to qualify for a USDA Loan your home must be located in a designated USDA rural area. A Freedmont Mortgage Group Loan Officer can check the USDA Eligibility for you. The goal of the USDA loan program is to help our nation’s smaller, rural communities thrive by making land and property more affordable.

Credit Worthiness
When your credit is reviewed the major things looked at are the if you pay your bills on time, that you do not have any blemishes that are new in the past 24 months and open collections, judgments or liens.

USDA will most often require to a two-year history of employment and consistent income.  Exceptions on the two-year requirement can be made for applicants such as students.