Home equity loans are a great way to gain some extra cash for home improvements, debt consolidation, or other big purchases you’re looking to make. Like any loan, it’s important to understand how a home equity loan works before getting one.
USDA loans have key advantages that make them an attractive choice for buyers interested in homes in rural areas.
What is a USDA Rural Development loan?
USDA loans offer a range of benefits, from a $0 down payment to relaxed credit requirements, that can make homeownership more accessible and affordable.
In addition to having no down payment requirements, USDA home loans often also have lower rates than conventional mortgages. USDA loans also don’t require borrowers to pay for traditional private mortgage insurance, or PMI.
USDA loans can be a great tool to unlock homeownership for qualified borrowers. However, buyers have to meet certain requirements, including purchasing property within specific areas outlined by the agency.
Why Get a Rural Development Loan?
No Down Payment Required
That’s right—$0 down. Keep your savings or put it toward closing costs or home improvements.
Lower Interest Rates
USDA loans often have lower interest rates compared to conventional mortgages.
Community Development
By enabling more families to own homes in rural areas, USDA loans can help to revitalize and strengthen these communities.
Avoid PMI Expenses
In addition to no down payment, rural development mortgages don’t require monthly PMI payments, saving you even more money!
Current Rates
Lock in today’s competitive rates and start saving on your mortgage. Our team offers fast, reliable options tailored to your needs.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
Whether you’re looking to manage your budget or want to figure out if you should buy or rent your next place, Mortgage Center has you covered. Check out our wide variety of calculators that can help you make the best financial decisions for your future.
Other Loan Options
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Your go-to option for long-term stability with predictable monthly payments.
Mortgage Center helped me get my first house! My MLO was super friendly and knowledgeable, and our closers were very helpful as well.
Madi W., Credit Union Member
Our experience with the Mortgage Center was fantastic. The entire process from filling out the application to close went very smoothly and was so easy. Our team worked very hard to make the process as stress free and quick as possible. They were all very knowledgeable and kept us informed from start to close. I would absolutely recommend them!!
Mario G., Credit Union Member
We have worked with Mortgage Center for many years and for many different things. They are always on top of everything and do such an amazing job making sure you are satisfied with your loan. I would recommend them to anyone.
Joshua E., Credit Union Member
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