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Key Benefits


Benefits of a USDA Rural Development Mortgage

·         No Down Payment Required. Borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.

·         Competitive 30 Year Fixed Interest Rates

·         No maximum purchase price


Why you should choose ChangeMyRate.com

·         Only ChangeMyRate.com offers you the Closing Cost Slasher®a unique method we use to virtually eliminate closing costsFind out how these great options can help guide you to the best decision to meet your financial goals.

·         With more than 27 years of experience, we’ve designed a mortgage process that adapts to your needs.

·         As an approved USDA broker, ChangeMyRate.com will guide you through the process with minimal fuss.


Other loans you might be interested in:

·         30-year fixed-rate mortgage

·        15-year fixed-rate mortgage

·         FHA Loans

·         VA loan


How It Works


USDA loan qualification requirements

·         Flexible Credit Guidelines

·         100% Financing of your primary home’s value

·         Eligible Properties 1 unit


How a USDA loan works

·         The subject property must be a primary resident

·         The buyer must meet a qualifying ratio of 29 percent for housing costs; and 41 percent for total debt

·         The buyer may not own another home within commuting distance of the subject property

·         Borrower(s) are not eligible to receive cash out from a refinance


USDA loan extras

·         Streamline-The loan amount cannot exceed the principal balance of the existing loan refinanced plus the loan guarantee fee