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USDA Mortgage Loan Program Widens Footprint — Here Are 15 Cities You Can Get 100% Financing. Vance Cariaga. November 28, 2023 at 4:27 AM. gorodenkoff / Getty Images.
The USDA guaranteed home loan program (officially known as Section 502 Guaranteed) allows approved mortgage lenders to provide 30-year fixed-rate loans to borrowers in USDA-eligible locations.
A USDA home loan is different from a traditional mortgage offered in the United States in several ways. USDA loans require no down payment, meaning that it is possible to finance up to 100% of the property value. One must meet the income restrictions for the county in which the buyer is interested.
usda.gov. The United States Department of Agriculture (USDA) is an executive department of the United States federal government that aims to meet the needs of commercial farming and livestock food production, promotes agricultural trade and production, works to assure food safety, protects natural resources, fosters rural communities and works ...
The county is located entirely within the Appalachian Mountains region of North Carolina. Most of the county is located atop a rolling plateau that ranges from 2,500 to 3,000 feet (760 to 910 m) above sea level. On the county's southeastern border the land drops sharply to about 1,500 feet (460 m) in neighboring Wilkes County, North Carolina.
October 10, 2024 at 3:51 PM. Oct. 10—WASHINGTON — The U.S. Department of Agriculture announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan ...
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