What is a usda loan

A Goverment loan that allows 100% financing on selected properties additionally the income of the borrowers has to be quailed. Here is the link.http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.doLook forward to speaking with you I can be reached 800-485-1387Exr. 116 or ballen@bankofengland1.com

No down payment, income maximums, based on family size, and must be in smi-rural or rural area.

USDA offers 100% financing on properties located in the USDA Defined Area. These types of loan are primarily for borrower with limited income. The USDA Area changes every year as suburban areas encroach the rural area's, so if there is a specific property your looking at, you need to go to USDA's website to verify the property is eligible. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com