USDA Government guaranteed and insured loan is a loan that offers purchase or fixer upper borrowers a 100% financing in the rural areas of the country. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. Some urban areas also qualify for these loans. More than 75% of South Carolina qualifies for USDA mortgage loans.
With a USDA loan program, an individual or family may borrow up to 100% of the appraised value of the home.
NOTE: Many USDA loans are available with:
- No Money Down.
- No Mortgage Insurance
- Affordable by Low Income Borrowers
- Come with Low Monthly Mortgage Payment.
- Borrower only Needs a 620 Credit Score
For details on this and/or other mortgage loan types, please visit/email us @ www.tricontmortgage.com / aomoregbee@tricontmortgage.com or call us @ 803) 317-2500
