where do you apply for a usda guaranteed home loan?

I am interested in applying for a usda home loan, however, I am unclear on where you apply?

6 Answers

  • 1 decade ago
    Favorite Answer

    These loans are also called RD loans- (rural development)- you must have a 620 credit score but they will finance 100% plus the RD fee of 2%. Property must be in a rural location. Call any lender- ask if they do RD loans- you apply through an RD lender. Good luck!

    I see where someone said up to a year to process! No way- 30 to 60 days- not sure what lender she has been using but that is ridiculous!

    Lastly- do not call one of these people here on your answers- call a lender who does not use YA to get business. A legitimate lender would NEVER do this!

    Source(s): 23 years mortgage business - FHA/VA conventional & RD.
  • 3 years ago

    For the USDA GRH (guaranteed Rural Housing), at time of remaining, you won't be able to personal different "sufficient housing". commonly this suggests in case you personal a usual homestead you could't be eligible for the GRH loan. you could personal an unattached cellular homestead. also if there's a strong reason your cutting-edge homestead is "inadequate" you'll nicely be in a position to keep it. as an celebration, you personal a 2 mattress/a million bath homestead, you've 2 youngsters and also you're having twins!

  • godged
    Lv 7
    1 decade ago

    Contact local brokers and find one that handles USDA loans. There are a LOAD of restrictions and requirements that come with this loan, and it can take up to a year to process. Most sellers will not accept this because of the time frame.

    Source(s): Oregon Realtor
  • Anonymous
    1 decade ago


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  • 1 decade ago

    you mean the United States Department of Agriculture?

  • gabby
    Lv 5
    1 decade ago

    get in touch with a realtor (if you're in TX. call me) they should know the lenders that have that program

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