Many people are still unfamiliar with USDA Loans. USDA Loans are a great government sponsored loan for 1st time home buyers. The program was initiated to promote home sales in rural developing areas. Learn more about USDA Loans and how they could be your best choice.....
of all loans for the purchase of a new home. Some people refer to USDA Loans as farm loans. However, that gives an unfair impression of the homes in Maryland that are eligible for the USDA program.
In fact, although the areas of eligibility in Maryland are in designated rural areas, the homes are of all styles and types. Maryland USDA eligible areas. They are simply in what are considered rural developing counties. The benefits of USDA Loans, include;
- 100% Financing
- Low fixed interest rates
- Seller's contribution toward closing costs allowed up to 6%
- Low monthly mortgage insurance premiums
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