FHA
Compare available financing and property fit.
Explore fha →USDA LOANS
Location and household matter.
USDA Guaranteed financing may offer eligible buyers a path to a primary home in an eligible area. Household income and property location are central to the review.
When this may be worth exploring.
A useful first step is matching the program to your goals and the property.
- You plan to occupy the home as your primary residence.
- The address may fall within a USDA eligible area.
- Your household income may fit the applicable limit.
What to compare.
A lower upfront cost does not necessarily mean a lower long-term cost. Compare the whole transaction.
- Property location, household income and occupancy eligibility.
- Guarantee fees, payment and cash to close.
- Property condition and lender documentation.
Details that help John review your scenario.
You can call without having everything ready. These details make the conversation more useful.
- Property address or target area.
- Household size and income sources.
- Purchase price and available funds.
A few questions borrowers ask.
Requirements can vary by loan program and lender.
Can USDA finance raw land alone?
The standard USDA Guaranteed purchase program is aimed at an eligible dwelling; a stand-alone raw-land purchase is a different scenario.
Is an address near Texarkana eligible?
Eligibility is address-specific. John can review a target property and the current USDA tools.
Related financing paths.
There may be more than one way to approach the same goal.
Down payment assistance
Explore other ways to manage cash to close.
Explore down payment assistance →TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.