As a mortgage broker company, MortgageDepot is always on the lookout for great loan options that can benefit our clients. One such loan is the USDA loan, which is a loan program that is backed by the United States Department of Agriculture (USDA) and can be used to buy or refinance a home in eligible […]
Tag Archives: USDA
100% Financing (Not VA, USDA, or Down Payment Assitance) Saving money for a down payment is one of the biggest obstacles in buying a home but with these loan options have eliminated that barrier for a lot of First Time homebuyers!!! Some borrowers have money saved for a down payment but choose to use this […]
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The Rural Housing Service is currently seeing volume levels of mortgage recovery advances, or MRAs, coming in at a monthly pace equal to the entire total seen before the COVID-19 pandemic. Similar to the partial-claim procedure of the U.S. Department of Housing and Urban Development, the RHS had processed approximately 2,500 MRA requests from servicers […]
USDA Loans may be the best kept secret in America. In this video I interview a USDA official to understand exactly why this zero down payment mortgage is so great! You can use the 2022 USDA loan to buy land and build, new contruction, and resale homes. 🏘️USDA Eligiblity Site – (Both the Guaranteed & […]
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