USDA Loans Wilmington NC

A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. A USDA loan requires no down payment and offers a reduced monthly mortgage insurance rate. USDA is a fantastic loan program for first time borrowers (though you do NOT have to be a first time borrower to utilize the program) who don’t have a lot of money to put down on their home purchase. Home purchased with this program must be in a USDA eligible area and income limits to apply.

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