A USDA home loan is different from a traditional mortgage and other loan products offered in the United States in several ways. USDA loans require no down payment, you may finance up to 100% of the property value. You must meet the income restrictions for the County you are interested in.
Each county has a maximum income requirement. The USDA Home Loan Program does allow for considerations for expenses like child care. To be eligible, you must be purchasing a property in a rural area as defined by the USDA. The home or property that you are looking to purchase must be owner-occupied, investment properties are not eligible for USDA loans.
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