United States Department of Agriculture (USDA) Rural Housing Property Eligibility Map

http://eligibility.sc.egov.usda.gov/eligibility/eligibilityAction.do

USDA loans are insured by the U.S. Department of Agriculture and their biggest feature is an option for “no money down” financing – you can finance 100% of a home’s purchase price.

USDA loans are the same as most other mortgages in that they don’t have difficult payback schedules or come with prepayment penalties – program guidelines are fairly loose compared to other conventional federal backed programs.

Rural loans can be used by first-time buyers and move-up buyers also.

Use the map to determine if any homes you’re interested in falls within the USDA service areas.  Contact your lender and Realtor for further information on these great loans.

 

 

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