Our committement at The Money Source is to form a partnership with our customers. One product we offer through this partnership is the USDA loan program. USDA loans are a part of the Government's Rural Development program.
The USDA home loan program is geared toward rural areas, with certain income eligibility requirements for applicants. At TMS, we follow RHS guidelines with no overlays and offer some niches for the USDA program, which include:
- 100% financing, no down payment with 550+ FICO
- Manual Underwriting acceptable
- Higher DTIs acceptable as long as RHS approved
- Manufactured Homes allowed on new construction purchases
The Money Source Inc. is not affiliated with or acting on behalf of or at the direction of the Department of Housing and Urban Development or the Federal Housing Administration, or the Federal government.