USDA Home Loan

100% financing available

Benefits of financing your USDA mortgage loan through Amera Mortgage:

  • No down payment required
  • Ability to lend to higher income households
  • No mortgage insurance (PMI)

ZERO DOWN - GUARANTEED RURAL DEVELOPMENT LOANS

The USDA's office of Rural Development (RD) works with approved lenders like AMERA Mortgage Corporation to guarantee loans to borrowers for single family homes in eligible areas. The purpose is to provide financing - with no down payment, at favorable fixed rates on a 30-year term. The reasons lenders choose to work with RD are many. Since loan guarantees issued by RD are backed by the full faith and credit of the U.S. Treasury, many lenders consider RD programs to be relatively risk free.

Also, loans made possible by partnerships between RD and AMERA Mortgage Corporation to improve the economic health of communities. The continued well-being of rural areas provides more opportunities for lending institutions that invest in these communities.

Don't be fooled by the word "rural" in the name. There are thousands of towns eligible. It is only the metropolitan areas that are elligible for this great program.

PROGRAM HIGHLIGHTS

No down payment. Provides 100% loan-to-value financing for existing homes based on appraised value. Homes must meet MINIMUM HOME REQUIREMENTS·

Unlimited closing Costs may be financed into the loan amount or if paid by the seller up to a maximum of 6% of the property's purchase price.

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