Benefits of a USDA Home Loan
No downpayment, liberal qualifying guidelines and a stable and predictable fixed rate are the key benefits to qualified buyers.
A USDA loan can be used to build, rehabilitate, improve or relocate a dwelling in an eligible rural area the buyer intends to use as their primary residence. Benefits for qualified buyers are no downpayment, liberal qualifying guidelines, and a stable and predictable fixed rate for the life of the loan.
The eligibility of an applicant for a USDA loan is based on the income level of the borrower plus the location of the property. Speak to a Capital City Bank mortgage banker or visit the USDA's website for specific qualifying criteria.