The USDA Guaranteed Loan program is a federal program offered through the united states department of agriculture. Rural housing through the USDA program provides a number of home-ownership opportunities to rural Americans. It is an excellent product that offers 100% financing opportunities for those that qualify.

The home being mortgaged must be the buyer’s primary residency in a qualified USDA area and there are specific USDA income eligibility requirements. This is a good mortgage option for first-time home buyers, move up buyers, and current owners looking to refinance in specific USDA areas.

* No down payment is required

* Finance up to 100% of the property value

* Add all fees and costs into the loan, including the guarantee fee

* No loan size limits

If you are looking to use a USDA loan in Post Falls, Rathdrum, Athol or other rural areas in Idaho or Eastern Washington, please contact me at (208) 277 – 8627 to learn more.