USDA Mortgage

The USDA (Section 502) loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and ………………
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

USDA RURAL HOME LOANS is BOOMING THROUGHOUT SOUTH CAROLINA

Posted by TBUZZ EDITOR: on November 18, 2011
Posted in: USDA Mortgage. Tagged: , , , , , , , , , , . Leave a Comment

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