If you are looking for an affordable, government-backed loan, USDA mortgages are well worth considering. Through this program, you could purchase a home in Ohio with zero down.
A USDA loan is a mortgage which is insured by the US Department of Agriculture (USDA). Formally known as the “Rural Development Guaranteed Housing Loan” program, this program helps to decrease risk for lenders, qualifying borrowers for more competitive interest rates and terms.
You can apply for a USDA loan if you are purchasing a property in a “rural” area. There are many opportunities in Ohio to do just that. “Rural” doesn’t necessarily mean what you think, either. If an area has a population not exceeding 35,000, the USDA considers it “rural.”
So even in small towns, exurbs, or some suburban areas, it may be possible to obtain a USDA loan.
USDA loans may include zero down payment.
Mortgage rates on USDA loans are fixed and affordable.
USDA mortgage closing costs are also affordable.
A perfect credit score is not necessary to qualify for a USDA mortgage in Ohio and its many benefits.
If you are required to pay for private mortgage insurance (PMI), you might be eligible for a discount.
USDA loans are available for home purchase, construction, vacant land, upgrades and repairs.
These are the basic requirements to be eligible for a USDA loan:
You must be a US legal resident.
Your income must not exceed the maximum thresholds for qualification.
You can only use a USDA mortgage to purchase a home which is 2,000 feet or less, and which is located in a designated “rural” place.
Do you qualify for a USDA loan in Ohio, Florida or California? Find out today by calling (614) 505-0620. During your consultation, we can look at your income as well as the location where you are thinking of purchasing a home. We can help you figure out if you are eligible, and can walk you through applying. Let’s get you into a rural home with zero down.
Liberty Capital Services LLC is located on 438 E Wilson Bridge Rd #105, Columbus. From John Glenn Columbus International Airport (CMH) head south on Stelzer Rd and use the right lane to turn right onto International Gateway. Then keep right to stay on International Gateway and merge onto I-670 E. Next, continue onto US-62 E and use the left 2 lanes to merge onto I-270 N toward Cleveland. After that take exit 27 toward Cleveland Ave and use the right 2 lanes to turn right onto Cleveland Ave. At this point use the left 2 lanes to turn left at the 1st cross street onto Schrock Rd and continue straight to stay on Schrock Rd. Finally, turn right onto Huntley Rd and turn right onto Worthington Galena Rd. Turn left and Liberty Capital Services LLC will be on your right.
We are open Monday - Friday 9am - 6pm.
Liberty Capital Services LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.