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USDA Loans Direct
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USDA Loans Direct - 100% Financing - No Money Down - 620 Credit Score - Government Guaranteed Mortgage
USDA Loans Direct - 100% Financing - No Money Down - 620 Credit Score - Government Guaranteed Mortgage

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In obtaining one of the many no money down home loans, the Federal Housing Administration is now insuring loans with much smaller payments. Private insurers have also reduced requirements for down payment.

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Besides credit the other factor the USDA looks at is income and the size of the family household. There is an income cap in each county that cannot be exceeded to get a USDA home loan. The more people that occupy the home the higher the income limit they will allow.   Below is a link that you can click on to see the income limits per state and county.

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Then SELECT the COUNTY and you will see existing homes for sale in the COUNTY that is for sale by USDA Rural Development.

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A USDA Loan in Oklahoma is a type of loan designed for rural development and is granted through the government.  Rural homeowners and others who seek rural property often apply for this type of loan.  Most qualified borrowers receive loans for up to 100 percent of the financing cost through the United States Department of Agriculture’s Rural Housing Services.  Typically, a USDA Loan in Oklahoma allows closing costs to be paid by seller or financed directly into the loan.

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The construction financing is simple because it converts your permanent mortgage once the house is finished being constructed.
One loan means only one closing and this is good news.  There is no need to spend money and time in searching for a second loan nor paying a second closing cost.
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