USDA Explained

Mortgage insurance, unlike home owners insurance, is a necessary evil for most mortgage programs when you have less than 20% equity or down payment. It’s true that some lenders, that don’t work with Fannie Mae or Freddie Mac, don’t require any mortgage insurance but those lenders usually offer higher interest rates to compensate. If you […]


In this article I will be comparing two of the most popular loan programs for first time home buyers, FHA and USDA Rural Housing. I don’t think that one program is inherently better than the other but they do offer unique advantages, depending on your situation. Because of this, it is imperative that you understand what these advantages are.


Important request by the author: Before you disregard this article because you don’t think you will ever own a home in a rural area, please see the USDA website to find out which areas in this country are considered “rural” by the USDA. I think you will be pleasantly surprised that this program may be […]