Saving money is one of the most intelligent strategies for persons who are interested in purchasing a home. Even if the prospective homeowner does not need to use the funds for closing costs or a down payment, they can be allocated towards home maintenance and emergencies.
The representatives of TexasLending.com have found that a USDA loan can be highly beneficial for prospective homeowners who are looking for assistance in purchasing their first home.
Q: What is a USDA loan and how does it work?
Texas Lending: First-time homebuyers are eligible for a variety of programs that help to alleviate the burden of making such a major purchase – including low-interest loans, closing cost help and down payment assistance. The USDA home loan program offers guaranteed loans or direct housing loans for many individuals. [Continue reading]