Apply for USDA Home Loan if you?re a First Time Home Buyer
Posted by articlelink01 on March 22nd, 2019
Build your dream home in a beautiful location surrounded by greenery with the help of USDA home loans. There’s no need to worry if you have a bad credit score or a lack of savings. With the help of this program you can get guaranteed full financing along with financing to buy the plot. No down payment is required either! Let’s look at USDA Home Loans in San Antonio and USDA Home Loans in Georgia to buy your first home in Southern USA.
Eligibility for Rural Home Loans
· The property you’re looking for must be located within a USDA eligible area.
· The total income of your family must be 115% of the region’s median income or less. The median household income for San Antonio is ,214. The average income limit for a family of 1-4 in Georgia is ,750.
· You must be a citizen of the United States, an US non-citizen national or a qualified alien to be eligible for the loan.
· Your credit score should be 640 or above. Otherwise you may qualify by proving that your credit was affected by temporary situations or those outside your control.
· You need to occupy the property as your primary residence.
You must show a 2-year history of dependable employment.
About the Authorarticlelink01
Joined: March 6th, 2014
Articles Posted: 5,191
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