USDA Loans

in Elizabethtown, Kentucky can help you learn the requirements for USDA loans and determine your eligibility.  USDA loans are loans issued by the government, and often issued to those in rural areas, small communities and some areas just outside major metropolitan areas.

Call at 850-865-2574 to check your eligibility for a USDA loan.

What is a USDA Loan?

USDA home loans, also known as rural development loans, are loans issued by the US goverment. To help families who may not quality for convential loans or have the same lending options as those in larger cities, the US government issues these loans through approved private lenders.

With a USDA loan, the family can borrow up to 100% of the home's appraisal, meaning no down payment is needed. The loan is set for a 30-year fixed rate home loan, and requires a small monthly mortgage insurance premium.

A USDA loan is a great option for families in smaller communities trying to find a way to buy a house.

Who is eligible for a USDA Loan?

According to USDA, to be elibible for a USDA loan, you must:

• be a US Citizen, a US Non Citizen National or have a qualified Alien status
• be at least 18
• not own another house in the local area
• occupy the home as your primary residence
• be unable to get conventional loan that requires a 20% down payment

Income Guidelines for USDA Home Loans

There are income guidelines for USDA loans that vary by the area in which you're applying for the loan. To learn the guidelines for your desired area, please contact us at 850-865-2574 or email Joe Garris!

How do I apply for a USDA Loan?

in Elizabethtown, Kentucky is an approved lender and can help you secure a USDA loan. USDA loans are offered by lenders such as who meet federal guidelines on lending.

To determine if you pre-qualify for a USDA Loan, please complete our form online or call Joe Garris at 850-865-2574.