Why No One is Using USDA Loans: Explained

Are you a first time buyer looking for mortgage options? USDA loans offer amazing benefits, including a 0% down payment, making them a great choice for many. In this video, we break down the perks and drawbacks of USDA loans to help you decide if they're right for you. From competitive interest rates to relaxed credit requirements, USDA loans have a lot to offer. But, there are also some restrictions, like geographic limits and longer approval times.

Watch as we explore:

0% down payment benefits
Competitive interest rates
No PMI (Private Mortgage Insurance)
Geographic restrictions
Upfront funding fees
Whether you're a first time buyer or looking for smart home buyer tips, this video will give you the insights you need. Understanding the pros and cons of USDA loans can make your home buying journey smoother and more informed. Don't forget to like, comment, and subscribe for more home buying tips!

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Map of USDA eligibility: https://eligibility.sc.egov.usda.gov/...
USDA income Limits

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Jake Kurtz
American pacific mortgage
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00:00 Introduction to USDA Loans
01:03 Benefits of USDA Loans
01:50 Competitive Interest Rates
02:05 Credit Requirements
02:19 No Mortgage Insurance
02:38 Streamline Refi
03:06 Drawbacks of USDA Loans
03:17 Geographic Restrictions
03:47 DTI Ratio
04:25 USDA income Limits
05:40 Primary residence only
06:23 Conclusion and Final Thoughts