USDA loans are a great option for many Connecticut Residents. The “Rural Housing” USDA Loan is a true 100% financing program federally insured by the US Department of Agriculture. It is called a Rural Loan by the USDA because it is handled by the Rural Development Department.
USDA loans have very attractive features for homebuyers.
$0 down payment. 100% purchase program
Low monthly mortgage insurance compared to other mortgage programs such as FHA
No asset requirements/ reserve requirements
Low interest rates
Find out what's happening in Montvillefor free with the latest updates from Patch.
You do have to meet a few qualifications in order to get a USDA loan.
The property has to be in an eligible area.
The program has income limits.
Find out what's happening in Montvillefor free with the latest updates from Patch.
USDA loans are sometimes overlooked because they are believed to be just for rural properties. Much of Connecticut is eligible for USDA loans.
If you have any questions or to see if you qualify please reach out to me.
Craig Thibeau
Senior Loan Officer
North East Financial
Middletown, CT
Ph 860-334-1354
NMLS 398576 Company NMLS 117273
craig@northeast-mortgage.com
www.northeast-mortgage.com
