Have you had trouble qualifying for a traditional home loan? Then why not apply for a government backed USDA Home Loan. Approved and backed by the U.S. Department of Agriculture, these loans are specifically designed to help build many of Iowa’s smaller rural communities.
Advantages of seeking a USDA Loan to Finance Your Iowa Property Include:
- Finance 100% of Your Iowa Home Loan
- Flexible Credit Guidelines
- Low Fixed Interest Rates
- No Loan Amount Limitations on Iowa Property
Iowa areas that Qualify for a USDA Loan
Do not let the word Rural Development Loan fool you. Sure, these loans are aimed at helping smaller communities thrive – but this does not mean that you have to buy farmland. Available for a variety of homebuyers, properties located all throughout the state of Illinois are USDA Loan eligible.
Basic USDA Loan property eligibility requirements include:
- Communities located outside of city limits
- Communities with less than 20,000 people
Because many of the qualifying Iowa homes are located just outside of major metropolitan areas look at here, you should never assume that your property will not qualify. Continue reading “USDA Home Loans by Consumer Real Estate Finance Co”