NMLS #1547953

USDA LOAN

MORTGAGE EDUCATION

How Does it Work?

With a USDA loan, you can not only save money on mortgage insurance but can also buy a home with a 0% down payment

USDA loans are also called rural development loans. The U.S. Department of Agriculture supports them as it offers an affordable mortgage option for rural area homes. If you’re looking to buy a home, you can get a USDA loan as a 30-Year fixed-rate mortgage. For those of you, who already have a USDA loan, you can get a new USDA loan through refinancing, but this won’t be possible with a USDA loan if you have any other type of loan. There are certain qualifications that must be met for a USDA loan which include:

THE MAIN BENEFITS

If you live in a rural area and are looking to purchase a home, the best option available to you is the USDA loan, especially for first-time home buyers. Some of the main benefits of the USDA loan include:

Why Choose Iconic Mortgage Corp for Acquiring A Loan

There are several benefits of choosing Iconic Mortgage Corp for acquiring a USDA loan, and these include the following:
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