USDA loan

Are you looking to move to a rural community and not sure where the USDA eligible territory is?

Click on this link to transfer to a map.  It will help you see eligible properties if you are interested in USDA loans.  There is also additional information on requirements and restrictions to obtain a USDA loan.  USDA eligible areas are typically considered more rural in nature or outside of major metro areas.  The biggest benefit of a USDA loan is the 100% loan if applicant qualifies.  The down side is that USDA must meet higher standards than conventional loans.  The home can not be a complete disaster and need substantial repairs.  The home can not have any pealing paint or safety issues. There are some requirement and restrictions on manufactured homes depending on the age and how the home is attached to the ground.  The link above will give you more specifics based on the location you are looking to purchase and income requirements.