USDA Home Loans Blog

January 13th, 2010 10:18 AM

USDA Rural Development home loan versus an  FHA Home Loan...

  • USDA Home Loans do not require a down payment..
  • FHA requires a  3.5% down payment
  • USDA Home Loans do not have monthly mortgage insurance
  • FHA requires monthly mortgage insurance
  • USDA Home Loans allow the seller to pay all closing costs
  • FHA allows the seller to pay up to 6% of the purchase price in closing costs

Click the eligibility maps above to see if you area qualifies for a USDA Home Loan.

Posted by USDA Loan Specialist on January 13th, 2010 10:18 AMPost a Comment (0)
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