[Salt Lake City, 08/29/2017]- Getting approved for a home loan can be difficult, but some avenues may make it easier to acquire financing. Primary Residential Mortgage, Inc. offers its expertise and clout, plus several home financing options, to help aspiring homeowners with their funding. One of these options is the Rural Housing (USDA) Loan.
Housing Assistance from the USDA
The U.S. Department of Agriculture Rural Development offers programs to improve housing in rural areas. Among them are grants and loan guarantees for family housing. Applicants for Rural Housing Loans need to pass certain criteria such as U.S. citizenship, income eligibility (very low income to moderate income brackets), and a minimum credit score of 640. The property itself also has to pass eligibility criteria.
Primary Residential Mortgage helps Rural Housing Loan applicants gain approval from their respective states. It assists first-time home-owners, investors, and people who wish to relocate to rural communities. The company takes care of the paperwork and files them at the appropriate offices.
Benefits of a USDA Housing Loan
Families who qualify for this loan will no longer need to hand over a down payment; the loan will finance the full amount required for their future home. Additionally, the loan guarantees mortgage insurance. Families who qualify will also enjoy lower monthly payments with an option for an extended fixed rate for 30 years.
About the company:
Primary Residential Mortgage, Inc. provides a variety of home financing in 49 states, as well as the District of Columbia. It has over 280 offices nationwide with the main office located in Salt Lake City, Utah.
Aside from Rural Housing Loans, Primary Residential Mortgage also offers Fixed Rate Home Mortgages, FHA and VA Loans Programs, FHA Choice Loan and 203(k) Loan Program, HARP Loans and Reverse Mortgages.
To learn more about the company, visit its website at https://www.primaryresidentialmortgage.com.