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A USDA home loan is a loan that's insured by the U.S. Department of Agriculture and were created to encourage buyers to move into more rural communities.  The biggest benefit of a USDA mortage is the ability to purchase a home with zero down, 100% financing.  USDA loans are also known as USDA Rural Development Guaranteed Housing Loans, Rural Housing Loans and/or Section 502 loans.  Many banks and mortgage brokers have access to this product.  Even though the home has to be in a defined area set by the U.S. Department of Agriculture you might be surprised what they consider rural. For more information on the USDA home loan program and to check to see whether a property is eligible visit the United States Department of Agriculture website.

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Washington State has solid and growing rural and agricultural community. As such, it is a prime location for home owners looking to take advantage of the USDA Zero Down Payment Program. The United States Department of Agriculture provides a program for low to mid income families looking to move into a home in a rural or agricultural community.

Because this is a federally guaranteed loan, qualifying applicants will find that they are fully financed meaning you aren’t required to put down any money up front. The loan must be no more than the value of the home as appraised. There is no limit to the purchase price, what matters is the qualifying ratios, which are twenty-nine percent for housing costs, and that you have an established income. Special

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With all the changes in the mortgage industry you probably thought zero down programs were gone but there's still one program available.

What is a USDA Home Loan?
USDA stands for United States Department of Agriculture. A USDA mortgage loan might be right for you if you want to purchase a home with no down payment. If you’re unsure about your credit rating, or have concerns about a down payment, USDA mortgage loans can give you piece of mind with super low closing costs and flexible payment options.

What Types of Loans does USDA offer? 
Currently, there are two kinds of USDA mortgage loans available for single family households:

USDA Guaranteed Rural Housing Loans 
USDA Guaranteed Loans are the most common type of USDA home loan and allow for higher

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