Are you interested in moving your family to the quiet of the country or are already enjoying the pastoral life? Then a USDA loan might be the perfect solution for your voyage into the rural areas of the country!

Contact us today and we will assist you in researching the eligibility requirements in your area.

What are USDA Loan Benefits?

• Down payment is not required. A borrower can finance up to 100 percent of the appraised home value.
• No Mortgage Insurance Payments. There are no mortgage insurance payments, and more money can be used to pay the monthly mortgage payment.
• The thirty-year fixed interest rates are competitive. With the government’s guarantee, lenders are able to offer low interest rates to qualified applicants.
• The credit guidelines are flexible. The flexible credit guidelines allow applicants with bad credit to still qualify for a loan.
• There is no maximum purchase limit. The maximum loan amount is determined by the lender based on the applicant's ability to pay.
• Home repairs can be included in the loan. If a borrower's home requires improvement, extra funds may be included in his home loan. The extra funds will be used to pay for the necessary home repairs.

Are you Eligible for a USDA Loan?

• Income: Applicants must have an adequate and dependable income, an adjusted annual and a household income that does not exceed the moderate income limit established for their area.
• Credit History: Credit history must show history of ability to pay monthly obligations.
• Citizenship: Applicants must also be a U.S. citizen, qualified alien, or be legally admitted to the United States for permanent residence.

Voyage Home Loans can assist you in researching the eligibility requirements in your area.