No more USDA Guaranteed?

So as I am sure that most of you or us who have taken advantage of the USDA financing know they are already running out of funding.

Although this news is disappointing its not the end of USDA. USDA also has a Direct loan program which can help millions more Americans finance the new home of their dreams.

The USDA Direct Mortgage Loan Program is a federal program offered through the United States Department of Agriculture. Rural Housing through the USDA program provides a number of homeownership opportunities to rural Americans, as well as programs for home renovation and repair. This is an excellent product and benefit for those individuals that qualify. Rural Housing also offers 100% financing opportunities for those who qualify.

Rural Housing loans are now easier to qualify and are a financially secure option for home financing regardless of your situation.

There are several advantages to using USDA ’s Home Loan Program.

• 100% Financing
• No Monthly Mortgage Insurance(MI)
• Low Mortgage Interest Rates
• Low Closing Costs
• Zero Down Payment.
• Easy Credit Qualifying
• Never a Pre-payment Penalty