USDA Loans for Qualifying Homebuyers
Benefits of a USDA Loan
✔ 100% Financing – No down payment required, making homeownership more attainable.
✔ Competitive Interest Rates – USDA loans often have lower rates than conventional loans. ✔ Flexible Credit Guidelines – Designed for moderate-income borrowers with accessible requirements.
✔ Lower Mortgage Insurance Costs – USDA mortgage insurance is typically more affordable than FHA loans.
✔ Closing Costs Assistance – Costs can be rolled into the loan or covered by the seller.
Do You Qualify for a USDA Loan?
At Cleveland Mortgage we work with countless lenders, continuously adding the best loan programs and options for all home financing scenarios. We'll help determine if you qualify for a USDA loan together, and potentially find an even better loan option for your particular scenario.
✔ Property Location Matters – The home must be located in an eligible rural or suburban area.
✔ Income Requirements – Household income must not exceed 115% of the median income for the area.
✔ Primary Residence Requirement – The home must be used as your primary residence.
✔ Credit & Debt-to-Income Considerations – While credit guidelines are flexible, a steady financial profile is essential.
More Than Just USDA Loans
If a USDA loan isn’t the right fit for you, Cleveland Mortgage Corporation has a wide range of other mortgage programs, ensuring you have the best options available. Our team is committed to helping you secure a low-cost, flexible mortgage that works for your financial goals.
Get Started With Cleveland Mortgage USDA Loans
If you’re interested in purchasing a home with a USDA loan, our experts at Cleveland Mortgage Corporation are here to guide you through every step of the process. Contact us today to find out if you qualify and start your journey toward homeownership.
