San Juan Islands Washington - USDA Home Loans

 

What is a Washington USDA Home Loan?

In short a USDA Home Loan is a government insured mortgage offered to borrowers in Rural Areas of Washington.  Rural Areas, typically meaning, a town with a population less than 25,000. Because San Juan County is sparsely populated, all of the county is eligible for a USDA Mortgage.

USDA Home Loan San Juan Eligibility Map

Advantages of a USDA Home Loan

• No Down Payment Required
• No Mortgage Insurance
• Sellers can pay Borrowers Closing Costs
• 620 Minimum Credit Score

For these reasons as others, USDA home loans have become extremely popular in Washington State over the past few years. Simply put, if you are purchasing a home in a rural area you need to give the Washington USDA Home Loan a closer look.

USDA Home Loans Washington – Program Summary

• Must be used in Rural Areas
• Borrowers must meet the USDA Income Eligibility Limits
• Must be used for Purchase of a Primary Residence
• Borrowers must meet all USDA Credit Eligibility Guidelines

If a USDA Home Loan sounds like something you might be interested in give us a call today. We specialize in Washington State USDA Home Loans. Our in depth understanding of the USDA loan process and credit guidelines will help insure you mortgage closes as scheduled.

USDA Mortgage Group.com – Call Us Today! - (206) 569 8732

 

 

 

 

 

 

 

 

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