Whats is a USDA Home Loan?
4 January 2010
108 Comments
A USDA (United States Department of Agriculture) Home Loan more commonly know as a Rural Development Mortgage or RD loan is a loan/mortgage that is guaranteed by USDA. It is one of the true 100% products still available for people. Of course like anything there are restrictions. The biggest two are location, the property has to fall in an area designated by USDA as a qualifying area, and income. For example Little Rock Real Estate does not qualify. Unlike most lending products Rural Development loans have maximum income restrictions. To the right of the screen you will see a video that shows you have to determine both of these things.
[...] Read more from the original source: Rural Development Mortgage|RD Loan|USDA Mortgage [...]
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