USDA Loans
About
USDA loans are ideal for those who love the countryside. USDA loans offer 100% financing with flexible credit and underwriting terms.
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Insured by the U.S. Department of Agriculture, USDA loans are designed to help low- or moderate-income families buy, repair, or renovate a home in a rural area. Certain geographic eligibility requirements apply.
There are various types of USDA loans including:
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Single-family direct homeownership loan
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Single-family guaranteed homeownership loan
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Rural repair and rehabilitation loan or grant
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Mutual self-help loan
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Although the various USDA loan types have different terms and details, all offer effective interest rates and don't require a down payment.
Credit scores as low as 580 may be accepted.
Highlights
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0% down
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Rural areas only
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Flexibility in credit & terms
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30-year fixed mortgage term
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Constant interest rate
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Constant monthly payments
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Insured by USDA
Ready to Buy a Home?
Cardinal Financial offers flexible loan options to fit your needs. As your go-to trusted professional, Eric will help you navigate your loan options, evaluate trade-offs, and execute a smooth transaction to get you to the finish line as a new homeowner.
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With over 20 years of experience in the mortgage industry, Eric Haubenschild with Cardinal Financial has the knowledge and expertise to guide you through the mortgage loan process.
