What are the common mistakes to avoid when applying for a USDA loan?

Feb 26, 2025 ... A USDA home loan is a type of government-backed mortgage, available to low- and moderate-income borrowers buying in certain rural areas. Eligible uses for USDA Loans include: acquisition, construction, enlargement, or repair of a business facility; land acquisition and development; purchase of ... What is a USDA Home Loan? · No down payment · Personalized process. You will have a dedicated home loan officer throughout the entire process · Competitive ... Mar 28, 2014 ... The low-interest USDA Rural Development loan will be used by the Knox County Hospital District to keep the hospital operational. Rogers has ... The United States Department of Agriculture (USDA Rural Housing) loan, available at ECU, can help lower-income households obtain home loans at reasonable rates. A USDA, or rural development loan, is designed to promote home ownership in non-metro areas. In fact, you could qualify for 100% financing. The goal of these ... A mortgage designed to help homebuyers who wish to purchase a home outside densely populated areas. Apply Today These are usually people who live in rural areas and wouldn't typically qualify for conventional mortgages. The loans are intended to help people in rural areas ... The USDA Loan is a 0% down payment mortgage designed to help low- to moderate-income households purchase, build, rehabilitate, or improve a home. Stearns Bank can provide guidance, determine eligibility and facilitate these impactful, forward-looking loan options.