A USDA home loan is a mortgage loan offered by the United States Department of Agriculture. USDA loans allow low to average income borrowers an affordable option to purchase properties in rural areas.
USDA loans allow the borrower to borrow up to 100% of the value of the home. In most cases, no down payment is required. Since these loans are backed by the USDA, borrowers are able to get lower interest rates even without making a down payment
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