If you follow our blog then you’ve seen a lot of buzz about USDA 502 Direct home loans. We are proud of our partnership with USDA Rural Development and we feel very fortunate to be able to offer such great products to future homeowners.
USDA home loans are a great choice for people looking to buy a home in rural areas. Fahe, through our mortgage division JustChoice Lending, offers USDA Guaranteed loans for moderate income homebuyers and USDA 502 Direct loans for low to very low income household. Both are great products that allow families to achieve the dream of homeownership.
One question perspective homeowners ask about USDA loans is, “how do I find a list of existing approved USDA houses for sale?” The answer to that question is that there’s not a list specifically for homes. USDA loans are available for certain areas of the country and within these areas are a multitude of existing homes for sale. So by looking within these areas in your state, you can find a home that qualifies for a USDA loan that is right for you. In addition to purchasing an existing home, some USDA loans can also be used to purchase property and build new homes.
To help prospective homebuyers, USDA has implemented an eligibility map that allows the input of addresses to check qualification of properties. That map can be found here.