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Find out what a USDA loan is and learn about its pros and cons. Nova Home Loans provides detailed descriptions of the different home loan to help you determine which one is right for you. Visit http://www.novahomeloans.com/loan-info/our-loan-programs/usda/ for more information on the USDA home loan and for other home loan programs, visit http://www.novahomeloans.com/loan-info/our-loan-programs/.
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USDA Home Loans (also called a Rural Development Loan)
A USDA loan is a government insured home loan that allows you to purchase a home with NO Money Down. USDA Home Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. What is a USDA Home Loan?
USDA Home Loans USDA offers some the lowest rates of any loan, and you will always have a fixed interest rate. To be eligible for a USDA loan, the homebuyer must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits where the home is located.
USDA Home Loans Want to learn more about USDA loans? A Nova Home Loans Officer can help you learn more about qualifications and eligibility