Owning a home outside the city limits may be easier with USDA-Guaranteed home financing from Fairway Independent Mortgage Corporation.
Requirements for a USDA-Guaranteed home loan:
Property must be located in a USDA-Approved rural designated area.
Household members must have a cumulative total income that does not exceed the adjusted annual income threshold for the applicable location of the property.
Borrowers must qualify for their current monthly liabilities and the mortgage payment, which include property taxes, homeowners insurance and the USDA annual guarantee fee, which is required to be paid monthly.
Benefits of a USDA-Guaranteed home mortgage:
30-year, fixed-rate terms.
100% financing + required guarantee fee.
No down payment required.
Credit underwriting requirements comparable to other agency underwriting requirements.
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To apply online, simply complete our application form and we will get back to you as soon as possible.
*A pre-qualification is not an approval of credit and does not signify that underwriting requirements have been met.
*Eligibility subject to program stipulations, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits. Grant amount varies based on credit score. Loans Can Be Fun is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.