Guaranteed USDA Home Loans Overview

USDA Guaranteed Loans - Basics on the Section 502 Loan

There are two primary types of home loans in today’s market, conventional and government-guaranteed. Conventional mortgages are those where the lender takes on the risk of issuing the loan and are underwritten to standards set forth by Fannie Mae and Freddie Mac. These conventional mortgages are made by approved lenders and as long as the lenders used proper protocol when […] Read more »

Simple Outline Of Government Backed Loans | USDA | FHA | VA

The 3 Government-Backed Loans and When to Use Them

There are two primary types of mortgage loans available in today’s market, conventional and government. Conventional loans are the most common and are approved using guidelines set forth by Fannie Mae and Freddie Mac. Government-backed loans are so-called because they contain an inherent guarantee. This guarantee is made to the lender and compensates for all or part of the lender’s […] Read more »

USDA Loan Benefits

USDA Loan Benefits - Top 5 Reasons to Use a USDA Loan

The USDA home loan program is one of three government-backed mortgages, along with FHA and VA loans. VA loans are available for honorably discharged veterans, active duty personnel with 181 days of service along with certain National Guard and Armed Forces Reserves members. The appeal of the VA loan is the zero down feature. FHA loans have a 3.5% minimum […] Read more »