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    • Home
    • Apply/Login
    • Loans
      • MORTGAGE PROGRAMS
      • * Refinance Loans
      • * Conventional
      • * FHA & 203K
      • * VA 100% Financing
      • * USDA 100% Financing
      • * Reverse Mortgage
      • * Home Renovation Program
      • * New Home Construction
      • * "All In One" Mortgage
      • * Jumbo
      • * Bank Statement Program
    • About
      • Our Team
      • Our History
      • Contact Us
      • Careers
    • Tools
      • Borrower Resources
      • Mortgage Calculator
    • Insurance

  • Home
  • Apply/Login
  • Loans
    • MORTGAGE PROGRAMS
    • * Refinance Loans
    • * Conventional
    • * FHA & 203K
    • * VA 100% Financing
    • * USDA 100% Financing
    • * Reverse Mortgage
    • * Home Renovation Program
    • * New Home Construction
    • * "All In One" Mortgage
    • * Jumbo
    • * Bank Statement Program
  • About
    • Our Team
    • Our History
    • Contact Us
    • Careers
  • Tools
    • Borrower Resources
    • Mortgage Calculator
  • Insurance

USDA 100% Financing Loan Highlights

These loans are backed by the USDA in order to provide easy financing to low and moderate income households to generate home ownership interest in rural or underdeveloped areas.

What can I use the loan for?

 

For the purchase, refinance, or renovation of any primary residence. This can be used for single family homes, duplexes, four-plexes, and brand new double-wide manufactured homes. 

Benefits

  • 100% (no downpayment) financing
  • Lower credit score threshold
  • Lower monthly PMI than a Conventional or FHA loan
  • Low interest rates

Restrictions

  • Income restrictions (https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state&NavKey=income@11)
  • Location restrictions (https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11)

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