The USDA Rural loans is a government-funded loan that aims to bring more people to own a home in rural places. Suburban areas can also be a desirable place to look for a house to apply for a housing loan.
Type of program is to help homebuyers and individuals become a homeowner so long as they meet the requirements. And the most exciting part is that it offers the SC zero down USDA Housing Loan to eligible buyers.
Who are Qualified?
AmeriSouth offers this type of home mortgage. We fully support this excellent cause of the government. We have the SC zero down USDA Rural Housing Loan to all eligible home buyers.
The USDA offers different types of housing loans. Here is what you need to know about the USDA Program.
Single Family Housing Direct Loans. This is intended to help low and very low earners. The program aims to give the family a chance of having a decent, safe and clean house. It is important to know that the applicants under this type of loan are those who can avail regular loans because they are unable to meet such requirements. The borrower should be a US citizen or legal residents of the country. The house should be their primary home. The borrower should also be capable of getting a loan and paying it. Lastly, the borrower is debarred in participating in federal programs. It should be noted that the property is not bigger than 2,000 square meters. An indoor swimming pool will not be allowed. And no income generating activity should be present in the place.
Direct Guaranteed Housing Loans. The borrowers can apply for this type of loan if they are from low to moderate earners. It also follows the same qualification with the Direct Loans only that the income of the borrowers would determine if they qualify with Guaranteed Loans. The total income required would vary depending on which city the house is located.
The critical thing to remember here is to check the site. Does it fall under the eligible areas for a USDA Rural Loan? If yes, talk to an accredited mortgage company of USDA Housing Program.
Both types of loans are required to seek help from an approved mortgage company. AmeriSouth can surely assist those borrowers who wish to get their own house. We can walk you through this journey until we can close the deal.
No Down Payment Loan
So if you are tired of paying monthly rent for the house and struggles to keep up, a USDA housing loan may help you. Our zero down USDA loans will surely help anyone, qualified buyer, to get the house they deserve. We offer convenient ways of paying the monthly dues to avoid getting a low credit score. Our USDA loans give an equal chance to anyone who deserves and qualifies. So if you want to buy a house but may need special assistance financially, get in touch with us now.