USDA Home Loans are back for 2010

USDA Home Loans have been so popular in 2010 that the program ran out of funds by May leaving many home-buyers stranded, however, with the passing of the Supplemental Appropriations Act USDA Home Loans will begin available again with one small caveat.

Previously USDA Home Loans required a 2% one time funding fee which has been increased to 3.5% to help cover the government’s cost of providing the USDA loan guarantee. Ultimately this change makes the loan slightly more expansive for borrowers, however, USDA borrowers can finance the “3.5% guarantee fee” into the new loan balance.

Washington USDA Home Loans still remain the best options for borrowers looking to purchase homes in rural areas with little or no money down. For additional information contact the USDA Mortgage Group Today!

Advantages of a USDA Home Loan

• No Money Down
• No Mortgage Insurance
• 620 Minimum Credit Scores
• Sellers Can Pay Borrowers Closing Costs

Related articles:

USDA Home Loans Status – Waiting on the Senate || USDA Home Loans Extended For 2010 || USDA Rural Home Fiscal Year 2010 || USDA Home Loans || USDA Home Loans – Silverdale & Bremerton || USDA Home Loans – Yakima Washington || USDA Home Loans – Vancouver Washington || USDA Home Loans – Bellingham – Whatcom County || When will USDA funds run out for 2010? || USDA Home Loans Orting Washington || USDA Mortgages – USDA Home Loans Washington || USDA Home Loans Washington – Wenatchee ||