Are you tired of renting and dreaming of owning your own home? You may be able to qualify for a USDA loan on a brand new townhome or patio home and buy with no money down!

 

How does a USDA loan work? A USDA home loan is a zero down-payment mortgage available to qualified home buyers in designated areas that meet certain income requirements. These mortgage loans are guaranteed by the USDA Rural Development Guaranteed Housing Loan Program, a part of the U.S. Department of Agriculture. This program is offered through private mortgage lenders and is intended to unlock home ownership for buyers who qualify. In addition to having no down payment requirements, USDA home loans often have lower rates than conventional mortgages. Even better, USDA loans don’t require borrowers to pay for traditional private mortgage insurance, or PMI!

 

There are several types of USDA loan programs, so be sure to ask your First Equity Mortgage, Incorporated loan officer for all the details. If you qualify for a USDA loan, you may be to take that first step into home ownership at Woodlands Retreat or Woodlands Villas.