Columbus USDA Loans
USDA loan rates change daily and vary depending on your unique situation. Get your FREE customized quote here!
USDA Loans in Columbus, Mississippi
If you’re looking to buy a home in Mississippi that’s in a rural area, a USDA Rural Development Housing Loan could be the optimal way to do so. A few of the benefits of financing with a USDA Loan from American Pacific Mortgage, Inc. include no down payment, low closing costs, good mortgage rates, and affordable mortgage insurance — many of the common impediments to homeownership are removed by USDA Loans.
Backed by the U.S. Department of Agriculture, USDA Loans aren’t just available for homes located in sparsely developed areas; some vibrant suburban neighborhoods also qualify and the majority of U.S. states beyond Mississippi have areas that meet USDA requirements. Is the home you desire in an eligible area? Your mortgage lender or real estate agent can let you know.
Ready to learn more about USDA Mortgages? Call Us today at (205) 495-0313
Have A Question?
Good Reasons to Go USDA
- Option of no down payment with 100% financing
- Private insurance may not be needed with 20% down
- The seller can pay a portion of the closing costs, up to 6% of a home’s price
- Interest rates that are competitive with conventional and FHA Loans
- Loan sizes have no limits
- Flexibility with types of homes, from condos and townhouses to traditional family homes
- Eligible areas are in the majority of U.S. states
- Credit score requirements that can be lower than those for conventional mortgages
- No penalty if you pay off the loan early
- Instead of PMIs, USDA Loans are insured by fees that are often more affordable
- Both first-time buyers and repeat home buyers may qualify
- Possibility of rolling some of the closing costs into the loan if the home is appraised above the asking price