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Bank of America USDA Rural Home Loan Approvals: Has BofA Quit Funding USDA Loans?

by on October 18, 2011

I have been getting calls from local real estate agents and prospective home buyers in Riverside County of California asking me if Bank of America is still approving USDA Rural Development home loans.  For weeks I kept saying yes, I think so…..why wouldn’t they? Why would Bank of America discontinue offering USDA home loans in [...]

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USDA RURAL LOANS: doing more than certifying beef

by on April 14, 2011

The USDA Rural Housing Loan program was developed to help low-income families purchase homes in rural areas. But before you dismiss the idea because you don’t think you’d qualify as low-income or you’re not interested in living out in the country, consider the specifics of the loan. Both the terms and the requirements for eligibility [...]

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Idaho Rural Development (RD) No Downpayment Home Loan Mortgage

by on September 22, 2010

The Idaho USDA Rural Development home loan is a true 100% financing with no down payment. With an Idaho USDA Rural development home loan their is no mortgage insurance. Mortgage insurance also known as private mortgage insurance (PMI) is setup to offset losses in the case where a borrower is not able to repay the [...]

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USDA Rural Development Home Loan Has Lower Monthly Payments Than FHA

by on October 20, 2009

USDA Rural Development monthly mortgage payments Did you know that for the same loan size and a similar rate that the USDA Rural Development Home Loan will ALWAYS have a lower payment than FHA?  Sometimes the USDA Rural Development payment will be substantially lower. Let’s talk rates and payments… When most people shop for a [...]

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