No Down Payment Required. Borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment.
Competitive 30 Year Fixed Interest Rates. With the guarantee of the U.S. government, awe can offer competitive interest rates to qualified individuals and families. And, beginning September 2014, the USDA will offer a 15-year fixed rate mortgage.
Flexible Credit Guidelines. Borrowers must still provide a credit history report. But the flexible guidelines allow potential homeowners with spotty or bad credit to still qualify for a home loan.
No 1st Time Homebuyer Requirement. The USDA Rural Development program allows previous homeowners to utilize the program.