USDA loans are made on properties within a qualifying rural area. Applicants with very low to moderate incomes can qualify for these loans, but still able to afford the housing payments, including the principal, interest, and insurance that are part of the monthly payment amount.
Other benefits of a USDA loan include:
The property doesn't have to be a farm or open land to qualify for this type of loan. It just has to be in a qualifying area.
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