Tag Archive for: rural

When are Government-Backed Loan Programs the Best Choice?

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There are three government-backed loan programs available today: The USDA, VA and  FHA loan programs. They’re referred to as a government-backed loan because the lender is guaranteed to be compensated should the loan ever go into default. Each of these three has their own special niche that is filled. USDA Loans USDA loans are used […]

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USDA Loan: How to Finance a Property in a Rural Area

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Many mortgage programs like to have a loan application that checks off all the boxes. This means approving both the property as well as the borrower. The property is approved primarily by reviewing the property appraisal. The appraisal contains a wealth of information about the property including the general condition of the home, a legal […]

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