What is a USDA loan and are there any special requirements for it or can any one qualify?

USDA loans are for rural property loans. Set up for farmers and agriculture, they also offer individuals loans to purchase a property set in a USDA zone. There are specific requirements to obtain USDA loans. Please refer to the government portal below. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

USDA loans are also known as Rural Development loans. There are 2 types of loans you are able to acquire. The most popular is the Guaranteed loan and that can be obtained by any USDA approved lender, such as myself. :)I am able to facilitate USDA loans in 47 states. There are a few qualifying factors. If you know the property address, you can verify if it is an eligible property at the following link. http://eligibility.sc.egov.usda.gov/eligibilityThere are also income reqwuirements depending upon your county and the number of people residing in the home. Please feel free to call on me for more info, as these loans are still one of the few ways to get into a home today with no downpayment.Hope this helps.Patrick McCarthy, Northpointe Bank Mortgage, 866-901-3576

USDA is a loan for Rural properties. You must check the address for eligibility. You can only refi into a USDA if your current loan is a USDA loan. You may also purchase a home using USDA and can go up to 100% financing. Check http://eligibility.sc.egov.usda.gov/eligibility to see if the address falls within the territory. You can email me for more info @ rconstantine@myhsoa.com. Hope this helps! RC