Live Outside City Limits?
USDA Rural Development
From farmsteads to emerging neighborhoods on city outskirts, a USDA Loan provides many benefits to rural property owners. Insured by the U.S. Department of Agriculture, Park Mortgage is proud to offer USDA mortgage loans to home buyers and refinancers in eligible areas.
USDA Loan benefits include:
No down payment
Low fixed-rate mortgage options
Flexible credit requirements
No loan or acreage limit
100% financing and refinancing for qualified borrowers
Can be used for home repairs and add-ons
USDA Loans are not just for farm properties. Many communities just outside large metropolitan areas are defined as “rural” by the USDA and qualify for this mortgage loan. Whether you’re looking to move away from the city or refinance your rural residence, the USDA Loan Program is designed to improve the economy and quality of life in rural America.
Not sure if you or the property you are purchasing qualify? Contact Park Mortgage to find out!