USDA Home Purchase Loans Are a Great Option

Posted on February 21, 2018 · Posted in connecticut usda mortgage

Hello my name is David Tortora from Northeast Financial of Connecticut and I would like to talk to everyone about the USDA 100% financing options. It is a great program that many people no very little about.  Here are some of the benefits of the USDA purchase product:


  1. 100 percent financing available – This is great for first time home buyers that have limited down-payment funds.

  1. Minimal private mortgage insurance- On USDA loans the monthly mortgage insurance is generally less than that of a FHA Mortgage. This in turn makes the monthly payment cheaper allowing the borrower to afford more of a home.

  1. Great interest Rates- On USDA loans the interest rates are typically comparable to conventional and FHA rates. This allows for more buying power.

How to qualify for a USDA loan:


  1. Property must be in a USDA zone, click here to see if you qualify (or call me and I can look it up for you):

  1. Minimum credit score of 640

  1. Debt ratios can not be higher then 43 percent (very similar to Conventional and Veteran Mortgage Programs)

Please call me today for a free consultation on the USDA product or to learn about other home purchase loan options.


IMG_0126David Tortora NMLS 88166
Company NMLS 117273
210 South Main Street
Middletown CT 06457