From country mouse and city mouse to "Green Acres," the debate over rural versus urban living goes all the way back to ancient Greece and Aesop's fables. While personal preference and economics play a role in where we choose to live, the benefits of rural living, particularly in these stressful times, have great appeal. Why [...]
After the housing crisis in 2008, mortgage underwriting guidelines changed dramatically, which has made it increasingly more and more difficult for many people to get loan approvals. Prior to this, it was quite common for homebuyers to finance 100% of the purchase price of a house. As underwriting guidelines have tightened up, however, these no [...]
One government-backed loan that doesn't get a lot of attention, but features a number of great benefits, is the United States Department of Agriculture (USDA) Rural Development Guaranteed Home Loan. According to their website, the USDA provides approved lenders a 90% loan guarantee so that they in turn can offer rural homebuyers of, "low and [...]
If you are a first-time buyer worrying you might not be accepted or qualify for a loan of this variety, know the USDA Rural Housing program can be utilized by first-timers and recurring buyers alike. There is also no maximum loan size with USDA. With a proven ability to save and make timely payments, your amount will only be limited by your own financial actions, past and present.