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Questions and Answers
What is the USDA Home Loan program also known as?
What is the USDA Home Loan program also known as?
- USDA Agricultural Development Guaranteed Housing Loan Program
- USDA Urban Development Guaranteed Housing Loan Program
- USDA Suburban Development Guaranteed Housing Loan Program
- USDA Rural Development Guaranteed Housing Loan Program (correct)
Who offers the USDA Home Loan?
Who offers the USDA Home Loan?
- United States Department of Agriculture, Urban Development
- United States Department of Agriculture, Suburban Development
- United States Department of Agriculture, Rural Development (correct)
- United States Department of Agriculture, Agricultural Development
What is the income limit for a USDA Guaranteed Loan?
What is the income limit for a USDA Guaranteed Loan?
- Up to 115% of the median income for the area (correct)
- Up to 100% of the median income for the area
- Up to 125% of the median income for the area
- Up to 105% of the median income for the area
What is a requirement for the location of the property for a USDA Home Loan?
What is a requirement for the location of the property for a USDA Home Loan?
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What does the USDA Home Loan offer to qualified buyers?
What does the USDA Home Loan offer to qualified buyers?
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