If you are a low to middle income household and live in a suburban or rural area, talk to our team about a USDA loan, which is designed to help people in these areas purchase a home. The loans are guaranteed by the U.S. Department of Agriculture, and in some cases, the loan may require no money for a down payment and offer lower mortgage rates.

A USDA loan does not finance a loan but does guarantee a loan against a default. This allows lenders to take on a greater risk when considering loans for single family homes. A USDA loan is an ideal choice for first-time buyers and people in lower income brackets. However, your credit score, credit history and other financial issues will be considered when you apply. There are requirements based on the location of the property and the size of the household.

If a USDA loan sounds complicated, don’t worry! The loan team at Simplify Home Loans LLC will be there to sort through the paperwork, help you gather the information you need and submit your loan to the underwriter. Would you like to find out if a USAD home loan can help you achieve your dream? If so, contact a member of our team today at 888-690-1744.