A number of suburban New Orleans communities may be declared ineligible to participate in a popular government-backed rural home loan program this fall, limiting mortgage options for prospective.

A USDA direct loan is part of the section 502 direct Loan Program, and the two loan names are often used interchangeably. The program was created to help low-income buyers purchase safe, sanitary homes in rural areas with some assistance from the USDA.

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USDA home loans are one of two zero down mortgage programs still available in America to buy a new home. As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved.

USDA mortgages require no down payment, offer more favorable qualifying criteria, and options for those with less-than-perfect credit or no formal credit history.

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When you hear the acronym "USDA," the first image that probably comes to mind is a juicy steak. As in, USDA Prime or Choice. But the U.S. Department of Agriculture isn’t just in the farming business.they also run a pretty substantial home loan program that offers mortgage financing with zero money down.

A USDA and a VA loan have very specific differences but also some similarities. A USDA loan is deemed as a "rural loan" meaning there are only certain areas in which the USDA can approve financing..

USDA loans are mortgages guaranteed by the U.S. Department of Agriculture (USDA). USDA loans are one of the last remaining no down payment home purchase loans. For most home buyers in USDA eligible areas USDA is the best mortgage option available. USDA loans have income and area eligibilty requirements. You can find them here.

Fannie and Freddie aren’t the only companies involved in residential mortgage lending to be seized by the government. Here’s a taste of the situation in Spain. This is the kind of press our industry.

Welcome to the Rural Development, Rural Housing Service, Home Loans Web site. As a part of USDA Rural Development, our mission is to be a cost-effective service provider that strives to help homeowners and their families remain successful homeowners throughout the term of the loan.