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USDA Loans

  • A USDA loan is also known as a rural development loan

  • This loan options is great for buying a home located in a rural area

  • USDA is a Government backed loan

  • USDA loans have similar guidelines to FHA loans

  • 0% down is an option with USDA

  • Monthly Mortgage Insurance is required until 20% equity is gained

  • USDA loans can only be used for a primary residence

  • The variety of term options are limited, compared to a conventional platform

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