USDA Loan
- Property must be located in USDA approved area
- No down payment required: financing up to 100% LTV plus the guarantee fee
- Possible financed closing costs
- Reduced monthly mortgage insurance premiums
- No county loan limits
- New and existing home eligible
- Seller concessions up to 6% of sales price
- Condominiums may be eligible for financing
- Not restriced to first-time homebuyers
For income and property eligibility visit
https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture, Rural Development.
