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  2. USDA loans: What are they and am I eligible? - AOL

    www.aol.com/finance/usda-loans-am-eligible...

    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.

  3. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    The USDA Home Loan Program does allow for considerations for expenses like Child Care. [8] To be eligible, one must be purchasing a property in a rural area, as defined by the USDA. The home or property that the potential buyer is looking to purchase must be owner-occupied; investment properties are not eligible for USDA loans.

  4. Rural Housing Service - Wikipedia

    en.wikipedia.org/wiki/Rural_Housing_Service

    Direct loans are made and serviced by USDA staff; loan guarantees are made to banks or other private lenders, and grants are made directly to a person or organization. RHS works with other federal agencies, and a number of both nonprofit and private organizations nationally, in order to pool resources to help America's rural residents most ...

  5. Section 502 loans - Wikipedia

    en.wikipedia.org/wiki/Section_502_loans

    Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a USDA guarantee (7 CFR ...

  6. Best mortgage lenders for first-time homebuyers in 2024 - AOL

    www.aol.com/finance/best-mortgage-lenders-first...

    3% for conventional loans, 3.5% for FHA loans, none for VA loans. 4.7. Veterans United Home Loans. 620 for conventional and VA loans. 3% for conventional loans, 3.5% for FHA loans, none for VA and ...

  7. Best mortgage lenders of November 2024 - AOL

    www.aol.com/finance/best-mortgage-lenders...

    Lender. Best For. Minimum Credit Score Requirement. More Details. Rate Mortgage. Best overall. 620. Learn more. Movement Mortgage. If you want an impact lender:

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