fbpx
48 Meriden Rd, Suite 1, Middlefield, CT 06455
844.788.7237
info@northeast-mortgage.com

USDA

USDA Loans

USDA loans are a great option for borrowers looking to purchase a property in rural areas.

Ideal for property purchases where the borrowers are buying in rural zone areas and do not have a lot for a downpayment.

Loan Term Options

USDA Home Loans are a 30-year Mortgage Program

Benefits of USDA Loan

  • Up to 100% financing available for those that qualify.
  • Once you have a USDA Mortgage you have the ability to streamline refinance to a lower rate with no appraisal needed.
  • Very competitive interest rates.
  • Your Mortgage Insurance declines annually.

Loan Requirements

  • Must be a primary residence
  • The property must be zoned as a USDA area.
  • The property cannot be income producing (no multifamily units or working farms).
  • There are income and credit score requirements as well

To learn more about this please call us today for a free consultation.  Also, you can click here to begin the pre-approval process.

 

https://www.linkedin.com/company/north-east-financial

https://www.facebook.com/pages/Northeast-Financial-Mortgage/143761005796033

 

 

General Disclosure

When discussing programs that allow for 3.5% down, 0% down, or a percentage down – the borrower is not required to only put that exact percentage down. FHA, USDA, VA, CHFA, Jumbo, and Conventional Mortgages allow borrowers to put down more of a percentage if they desire to. The percentages mentioned in the information provided is the minimum down payment that these programs require. Each one of these programs have specific credit score, debt-to-income ratio, and payment history requirements to qualify for the minimum down payment.

Disclaimer

Northeast Financial is presently in the process of applying for their Mortgage Broker’s license in the state of New York.  Website authorization by the New York State Department of Financial Services is pending.  Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. If you are a New York Resident – please do not submit any information through our website.

 

© 2024 Northeast Financial LLC dba Northeast Home Associates, LLC NMLS# 117273
Connecticut Mortgage Broker License # 20995. North Carolina Mortgage Broker #B-176940. Florida Mortgage Broker License #MBR5370. Registered Mortgage Broker New York #RMB 209075
www.nmlsconsumeraccess.org | Equal Housing Opportunity | 48 Meriden Rd, Suite1, Middlefield CT 06455
Equal Housing Opportunity

Complaint Policy

The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans arranged through third party providers. Does not make loans, issue a pre-qualification or pre-approval in the state of New York.

Privacy Policy






🏡