Texas Home Loan
Insider Angelo Christian

USDA loans are an excellent loan program to help people own a home. The reason it is so beneficial is because it offers 100% financing. This means there is no down payment required! Almost every loan requires some sort of down payment but not a USDA home loan.

Also there is no PMI with USDA loans. PMI is monthly mortgage insurance you have to pay if you do not have 20% down on your home. With a USDA loan this will save you hundreds of dollars per month.

Other great features about USDA loans are that they work with fair, good, excellent credit scores. Even if you have no credit you may qualify for a USDA loan. Further, with a USDA home loan you can buy a home with acreage or in a developed subdivision.

Here are the other great reasons to with the USDA Home Loan

Lowest fixed rate on the market
No money down or to closing
All closing costs can be rolled into the loan, paid by the seller so you don’t have to come out of pocket
No penalty on the loan
No balloon
Guaranteed mortgage loan through USDA
No adjustable rate mortgages
NO PMI
NO Points
NO service fee
Can payoff mortgage early and reduce interest expense
Can use the USDA financing as many times as you buy a home in your lifetime