Published On Feb 15, 2021
The USDA Loan program is a type of government-backed loan guaranteed by the U.S. Department of Agriculture and reserved for those purchasing property in rural areas. These loans offer many of the same benefits as the VA Loan, however, they also have some limitations and challenges. In this video Veterans United's Director of Education Chris Birk walks you through the USDA loan program."
Time Stamps
0:24 - Down Payment
0:41 - Credit Score Benchmarks
1:09 - Qualified Rural Areas
1:35 - Income Cap
2:00 - Mortgage Insurance
3:03 - Closing Costs & Appraisal
3:55 - USDA Loan Assumptions
Learn more: https://www.veteransunited.com/educat...
VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203
Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved
lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency.
Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses.
Equal Opportunity Lender