Capital Home Mortgage
USDA Home Loans
USDA Mortgage Lender
USDA Home Loans are mortgages for buyers purchasing homes in a rural area. These loans are 100% financing zero down with low rates and no limits on seller concessions. USDA Stands for “United States Department of Agriculture” which supervises the rural housing programs. The USDA Home loan directive is to provide borrowers with affordable homeownership in rural communities with little out of pocket costs.
It is important to understand that the USDA offers two types of loans. The direct where the USDA underwrites and provide the financing, reserved for very low income buyers, and the guarantee loan that protects the lenders from loss in the event of foreclosure. In simple terms the USDA insures a portion of the loan typically in relation to a down payment. This guarantee allows for a 100% mortgage loan making homeownership more accessible in small town America.
The USDA Home Eligibility is determined by four factors: credit score, monthly income, monthly debt obligations and the geographic location of the property.
To find out if you meet the income requirements or if the property is eligible, please use the links to access the USDA eligibility website
Why People Are Choosing Capital Home Mortgage...
Close On Time with True Approval
Control of the Loan from the Application to Funding.
Great Rates / Low Fees
Direct Mortgage Lender Providing Competitive Rates and Low Fees.
Exceptional Customer Service
7 Day a Week Support from Application to Final Mortgage Payment.
Capital Home Mortgage Rates
Capital Home Mortgage is dedicated to offering Great USDA Mortgage Rates.
Call now to speak with a Loan Officer or request a no obligation custom rate quote.
Have you ever wondered why interests rates are what they are and what determines the final rate? Why borrowers receive different interest rates? Or why rates go up and down? Interest Rates are calculated using several factors.
- Demand for the mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Benefits of a USDA Loan
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Guaranteed by US Depart of Agriculture
- Rural Properties Only
- 100% Financing
- No Restrictions on Seller Concessions
- Low Monthly Mortgage Insurance
- Acreage Up to 30% of Total Value
- FHA/USDA Certified Appraisers only
- Guarantee Fee May be Rolled In
- New Manufactured Home Only