USDA Rural Development Home Loans

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Talks regarding home financing usually are commonly known to be answered by real estate agents and mortgage loan professionals.

Unknown to many, there is still one home financing tool which can help them. This is the USDA Rural Development Home Loans.

Whenever home financing is the subject matter of any conversation with family or friends, the common knowledge where this can be obtain is through the help of real estate agent or a mortgage loan professional. The knowledge of the existence of USDA Rural Development Home Loan is totally absence for these people looking on how to finance their own homes. This is of course not a surprise since there is connotation that if a program says something about the word ‘rural’ it means farming and not housing assistance for that matter. Yet, USDA is very helpful tool created by the US government to assist families have a house and home of their own on very little funding coming from the subject families.

The important thing to know about USDA Rural Development Home Loans is what benefit it can give and assist for those who are wishing to have a home of their own. Below are just several of these benefits which all major USDA Rural Development Home Loans are the same in different states all over United States.

USDA Rural Development Home Loans Provides Family with no Down Payment

One of the hardest thing about getting a house is the down payment one has to shell out just to acquire one. In USDA Rural Development Home Loans, this provision on down payment is scrapped for the benefit of the family acquiring the house. The reason for this is the growth of rural areas. USDA Rural Development Home Loans usually finance up to 102% of the total appraised value of the house. This then can allow the family to save up for the rolling closing costs.

USDA Rural Development Home Loans Provides Possible Lowest Mortgage Payment

USDA Rural Development Home Loans can give a family the lowest mortgage payment for their homes and this is one of the important advantages and benefits of this financing tool. Because of low monthly mortgage payment, a family can save up substantial money every month. There is even no monthly insurance payment for that matter that USDA Rural Development Home Loans charges to a family acquiring a home, and this is already a great save for the family even more. A good example of this can be shown by such case like $200,000 FHA home loan that will only get a $90 monthly insurance mortgage loan.

22 Comments

  • 1. Nhlapo Vusi said on 1/27/2010 4:40:28 AM
    As one is staying in one of the far corner of the World were development is heard on the radios and see on TVs. How can one access such vital help to assist my communities where you would still find people still staying in mud houses when it rains they fall down because of heavy rainfall and its structure which cannot withstand this condition. Give me information
  • 2. Chipo Makeni said on 3/15/2010 9:55:20 AM
    My Husband and I recently bought some farmland in a rural community. We are interested in starting mushroom farming. We have some knowledge growing mushrooms. However we are lacking finance and guidelines on how to set up our project - are we applicable to USDA loans even if we are out of USA?
  • 3. Andrew T Murape said on 4/16/2010 8:33:49 AM
    I own a large piece of land in my rural area. i started three projects but i don't have sufficient funds to buy fence and treated poles. Can i apply for USDA loans. I stay in Mrewa Zimbabwe .
  • 4. Wisdom Davidson said on 5/10/2010 6:42:16 AM
    I am already in to agriculture (Fish and snail farm) But i am have difficulties raising the needed fund to move further into crops, hence agricultural loans we are told about in the media on daily basis are more or less ruse and political gimmicks, with some banks bottle-necking the access to them or even not willing to give it at all, i have a vast land on lease for about 25 years, I have no interest in any other business apart from Agriculture. Can i a apply for USDA Loan? Mighty Farms Nigeria Nsit Ibom, Akwa Ibom state Nigeria.
  • 5. Krishna said on 8/21/2010 7:02:21 AM
    dear sir, how to take franchisee to give poor people to provide USDA loan facility kindly send details
  • 6. Fauziz Abbass said on 1/27/2011 3:08:14 AM
    I want to start trout fish farming or livestock farming in skardu[baltistan]the himaliyan range of pakistan.I have worked in the livestock sector empowering the community but now i want to start my own business i just want to know whether i can apply for USDA loan
  • 7. joseph mwangi said on 3/28/2011 3:27:47 AM
    Am from Laikipia county and i have about 40 and breeding more.I can sell some. Am from Kenya in goose farming but i lack capital .Can i access the loan from USDA loans.I stay in Kenya -Laikipia county.And i have about 20 acres .
  • 8. naeem rehman said on 4/24/2011 9:02:49 PM
    I want to start livestock farming in rural areas of Pakistan. I have an experience in livestock, and would like to know if i can apply USDA loan for that. Thankyou
  • 9. Laura said on 6/29/2011 4:17:47 PM
    This loan is for rural areas located in the United States ONLY. Asking about it when you live in another country is just ridiculous.
  • 10. Brian said on 12/27/2011 4:11:06 AM
    Indianapolis, Indiana, USA. Can USDA home loans be used to start small-scale farms within URBAN areas? Like converting large back yards into small hobby farms (gardens). Or even to add green energy to homes. In today's economy, this could go a long way to help low-to-middle class families.
  • 11. GEORGE PHUTHIYAGAE said on 8/15/2012 5:48:00 AM
    we are from poverty stricken rural area in the north west province south africa and want to manufacture coffin. i have registered a cooperative and want funding to start.our number are 0733108203 or 0748072456
  • 12. RANJAY KUMMAR said on 9/7/2012 5:05:13 AM
    Dear Sir, I am Ranjay from India. I want franchisee from USDA Home loans for Poor people. Kindly send me details asap.
  • 13. Apari samuel said on 12/24/2012 5:06:57 AM
    I have two acres of land and i am planning to start up a quail and poultry farm biz. Please i need loan of about $1,000. only.
  • 14. RUBUL GOGOI said on 12/28/2012 7:18:32 AM
    I belong from a rural areas in india and want USDA Home loan and also want franchisee to help the poor people who reside in rural areas of india. so pls. send me the details.
  • 15. Bireswar Borah said on 2/16/2013 9:43:57 AM
    I stay in a small village of india. I want a loan of 100 thousand dollar. Pls send me details
  • 16. MADAN SINGH said on 8/9/2013 9:35:30 AM
    sir, i live inindia punjab i want loan start own business please guide me help me than i get loan 20 lac approximate. thaxs
  • 17. Lerato Raito said on 12/4/2013 12:37:32 PM
    Hi. am a women who would like to get funding to buy the machine that makes foam. am situated in the rural area of North West. I have registered the company. i would like to get a loan of 250 000
  • 18. Donald wikle said on 12/9/2013 8:08:57 PM
    I have a small farm in wva and have been raised meat goats and need some more land to raise a few more. We have a great market for them. Would love to have the funds to do more.
  • 19. sunita sadhwani said on 1/28/2014 1:23:23 PM
    hi, this sunita from raipur (chhatisgarh), india. i want franchise of usda for rural people. send me detail.
  • 20. anantharao said on 8/14/2014 11:24:55 AM
    Hai, This ananth from vizianagaram, ANDHRA PRADESH. I want to franchise of USDA forrural unemployed poor people. send me details to my mail.
  • 21. Alivuyota said on 4/29/2015 6:34:14 PM
    Kindly send me more information about USDA Rural development home loan
  • 22. Tapan kumar said on 8/6/2016 1:50:13 AM
    sir, i am from Bangladesh. i need USDA loan please detail me at himonkumar2015@yahoo.com
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