USDA Loan Boundaries to Change

USDA ZERO DOWN FINANCING in TEXASUSDA Loan Boundaries to Change  October 1, 2013

by Tim

One of the best mortgage products available today is the USDA home loan. It allows borrowers to purchase a home with zero down, as long as the home is within a “rural” geographical area as designated by USDA.

USDA is a little different than other government-backed programs like FHA and VA, in that the first thing the lender will review is the location of the property.

Even if the borrowers are fully qualified from an income and credit perspective, the USDA loan cannot be approved if the property is not located in an eligible area. And these eligible geographic areas are about to change.
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