LOAN TYPES
USDA Loans
Key Features
USDA loans require a minimum down payment of 0%*. You may be able to qualify for down payment assistance or other programs that could allow you to purchase a home for little to no money out of pocket!
The USDA Home Loan comes with substantial benefits created to aid those who might otherwise be unable to obtain conventional financing to purchase a home
With similar underwriting requirements, the USDA Home Loan Program allows homeownership opportunities to borrowers, who couldn’t otherwise qualify for conventional financing
Lower monthly mortgage payments are achieved by combining competitive interest rates, lower monthly mortgage insurance than FHA loans, and a fixed annual fee that is not dependent upon credit score unlike conventional loans
USDA LOANS
USDA loans are overseen by the U.S. Department of Agriculture (USDA) for home purchases by low and moderate income families living in rural areas. In order to qualify for this loan, the home must be located in a predefined eligibility zone. USDA loans typically have no required down payment but carry both an Upfront Guarantee Fee and an Annual Fee. The USDA guarantees up to 90% of the note amount to approved lenders. If you would like to find out if a USDA Loan might be right for your needs, please contact one of our Future First Home Loan Specialists to discuss the benefits of this type of loan. For more information on USDA loans visit us at
www.usdathefairway.com
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TESTIMONIALS
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253-200-3134
5306 Pacific Hwy. E Suite B
Fife, WA 98424
© 2024 Cornerstone First Mortgage, LLC. All Rights Reserved. NMLS ID #173855 Equal Opportunity Lender. *A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
Complaints may be directed to:
(866) 815-1803 or Email us: [email protected]
Loan Officers licensed in: AL, AR, AZ, CA, CO, FL, HI, IA, ID, IL, IN, KS, KY, LA, ME, MN, MO, MT, NC, ND, NM, NV, OH, OK, OR, SC, SD, TN, TX, VA, WA, WY.
5306 Pacific Hwy E. Suite B Fife, WA. 98424.
253-200-3255
Company NMLS#173855
