USDA Home Loans Help People Buy Homes in Washington State

USDA Home Loans are a great resource for the first time home buyer as well as move up buyers who have less than 20% to put down on a home. 

This year USDA reports program usage is up 220% in Washington State.  In the last 12 months Rural Development has invested more than $57,887,371 to help over 319 families obtain affordable home loans.

As mortgage lenders are forced to limit available credit and tighten eligibility criteria, USDA wants you know they still have affordable options available if you want to own a home.  The Loan-Guarantee allows lenders to offer zero-down fixed rate loans backed by the USDA.   

There is still hope out there for people who do not have 20 percent to put down on a conventional loan.  The mortgage industry is tightening its belt but USDA has not changed anything.  They have funding available and they really want to help Rural Americans get into a home of their own. 

Don't let the term "rural" prevent you from exploring your options.  There are many areas available in Washington State that might surprise you.

Cheryl Orr is a Loan Consultant with Evergreen Home Loans in Washington State and has been offering USDA Home Loans since 1996. 

Comments

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Nice post.USDA Loans have been the main source of my business for a very long time. Since the demise of the other programs business has definitely increased for us.