USDA Loans in Cleveland Tennessee and Georgia

USDA Home Loans & 100% Financing Programs:

 

The U.S. Department of Agriculture (USDA) offers a variety of loan programs to help low to moderate-income individuals and families living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence. This service offer these products in Tennessee commonly referred to as USDA Home Loans or RD Loans (Rural Development Loans).

USDA Loans are an attractive option for TN home buyers because:

·         Minimal closing costs

·         Low or no down payment

·         Mortgage Rates are similar to FHA Loans

·         Tennessee is mostly rural

·         No PMI (Private Mortgage Insurance

USDA loans can be used toward the purchase and renovation of a previously owned home or a new construction. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes. Tennessee is one of the top states using the USDA Home Loan Product and buyers choose the USDA product over other mortgage products in most situations, should the property be located in the USDA zone.  

Before you apply for this product it is important that you:

·         Property is located in the USDA financing area zone

·         Your credit score is above a 600 FICO

·         Your adjustable gross income is less than the required $71,900 for a family of 3

Find out if you qualify for an USDA (RD or RHS) Home Loan.

Hometown Lenders of Cleveland TN can help determine property eligibility. Hometown Lenders home mortgage specialists are qualified USDA Mortgage providers and look forward to assisting you choose the best mortgage at the best possible rate in the shortest possible time. Call us today to find out wether or not you and your property qualifies for USDA financing. We love being your Hometown Lender.

APPLY NOW with the Hometown Mortgage Team - (423) 339-5583

USDA Mortgage Loans in Tennessee and Georgia:
Cleveland, Chattanooga, Ooltewah, Hixson, Knoxville, Murfreesboro, Nashville, Memphis, Ringold, Rome, Atlanta, Dalton

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