USDA loans are a government program that provides low to middle-income borrowers with 100% financing. If you fit the income requirements, you can buy a home in a rural area with no down payment. Many people want to know if the USDA then charges mortgage insurance or PMI on the loan, like Read more
How to Find Listings of Rural Development Homes for Sale
If you are willing to live in a rural area, you have the benefit of applying for USDA financing. As long as you meet the maximum income guidelinesfor your area (you don’t make too much money), you may qualify. But how do you know which houses qualify for this financing?Compare Offers from Read more
Look: 3 Government Refinance Loans Worth Checking Out
There are a handful of refinance programs available for government-backed loans. FHA streamline refinance aside, these government refinance loans are understandably specific, catering to veterans, rural homeowners and those with fixer-uppers.If you are a homeowner with an existing VA, USDA or Read more
Peek Into These Cash-out Refinance Programs
Taking money out of your own home when refinancing is possible. Popular cash-out refinance programs are offered by Fannie Mae, Freddie Mac, the Federal Housing Administration, and the Department of Veterans Affairs. Take a look at each cash-out refinance offering and find out which one is for Read more
Homebuyers Will Pay Lower USDA Fees in October
For those looking to buy a home, the U.S. Department of Agriculture has reduced certain fees for its guaranteed loans, making mortgage financing even more accessible and affordable.Effective October 1st, homebuyers as well as those looking to refinance will pay lesser fees associated with a Read more
