USDA Mortgage

USDA MORTGAGE (United States Department of Agriculture)

Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families:

Section 523 loans are used to acquire and develop sites only for housing to be constructed by the Self-Help method. Refer to RD Instruction 1944-I for more information about the Self-Help program
Section 524 loans are made to acquire and develop sites for low- or moderate-income families, with no restriction as to the method of construction. Low-income is defined as between 50-80% of the area median income (AMI); the upper limit for moderate income is 115% of the AMI.

1-4 Family Residential Cooperative & Condo
Primary Residence, O/O
CA, FL, ME, NJ, NY, TX
See 2023 FNMA Loan Limits
3-years to 30-years
30-Year Fully Amortization
Up to 96.5% LTV/CLTV
NO PPP (Pre Payment Penalty)
Minimum FICO 530
Minimum FICO 530

VA Mortgage

FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.