A USDA Loan offers this once in a lifetime opportunity to buy a home with No Down Payment. Where else can you get the Lowest fixed rates, simple credit requirements and with the Guarantee of the Federal Government? In recent years this program has emerged to be one of the most popular loan programs in our history. There are no other loan programs that compare.
Even the infamous FHA loan cannot stand toe to toe, with the FHA there is a down payment, Huge PMI payments that make it less desirable. While the banks and credit unions all want big down payments the USDA is seeing increased market share from consumers demanding this loan in their neighborhood. In the last decade USDA funding has surged by by 700%. Areas all over the country are growing and expanding from this. People once again have confidence to buy a home and fulfill their dreams.