Flexible Financing for Your Home Journey
Explore the possibilities of homeownership with USDA Loans, offering flexible options in both Fixed Rate and Adjustable Rate mortgages. This unique program is designed to empower buyers by providing opportunities for purchasing a home with little or no down payment, making the dream of homeownership a reality for those who may face barriers with traditional financing methods.
Why choose a USDA loan?
USDA Loans are governed by the U.S. Department of Agriculture, offering the support and backing of a federal agency, instilling confidence in the lending process.
Government Backing
Income Limits
Available in Eligible Rural Areas
No Geographic Restrictions for Refinancing
Accessible for First-Time Homebuyers
Ideal for Primary Residence
Adjustable Rate Mortgage (ARM) Option
Zero or Low Down Payment
Understanding USDA Home Loans
The USDA Single Family Housing Guaranteed Loan Program, run by the USDA, doesn't lend money directly, but guarantees loans for private lenders. This reduces down payment requirements, making homeownership more accessible, similar to VA or FHA loans. The USDA's guarantee lowers risk for lenders, allowing them to support buyers with different credit profiles.
Who Can Benefit from the USDA Program?
Despite its name, the USDA loan is not just for farms. It's for low and moderate-income households looking to own homes in eligible rural areas. Income and location determine eligibility, and potential homeowners can easily check a property's qualification.
Your Path to Affordable Homeownership with USDA Loans
Get on the path to homeownership with MPS Mortgage's USDA Loans. With zero or low down payment options, flexible terms, and USDA backing, our loans cater to diverse homebuyers. Enjoy early repayment freedom, expert guidance, and explore various loan terms. Whether you're a first-time buyer or refinancing, our specialists are here to help. Contact us today to unlock affordable homeownership.
