The USDA Loan program is a type of government-backed loan guaranteed by the U.S. Department of Agriculture and reserved for those purchasing property in rural areas. These loans offer many of the same benefits as the VA Loan, however, they also have some limitations and challenges. In this video Veterans United's Director of Education Chris Birk walks you through the USDA loan program.
Time Stamps
0:24 - Down Payment
0:41 - Credit Score Benchmarks
1:09 - Qualified Rural Areas
1:35 - Income Cap
2:00 - Mortgage Insurance
3:03 - Closing Costs & Appraisal
3:55 - USDA Loan Assumptions
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27 авг 2024
