Northern Mortgage

What is a U.S.D.A. LOAN?

HELPING YOU AND YOUR FAMILY FIND A FOREVER HOME.

AT A GLANCE:

    • USDA Loans are government-backed funds purposed for borrowers with average or below-average credit and stable income.
    • Down payments as low as 0% are available.*
    • Only homes located in rural areas are eligible for USDA funding.

WHAT IS IT?

Like FHA loans, USDA loans are a federally guaranteed loan program, but backed by the United States Department of Agriculture. This loan program typically requires strong income history and an acceptable debt-to-income ratio, among other things. For all eligibility requirements and to determine eligibility, please contact a licensed loan officer to determine eligibility.
 

HELPING YOU AND YOUR FAMILY FIND A FOREVER HOME.

AT A GLANCE:

    • USDA Loans are government-backed funds purposed for borrowers with average or below-average credit and stable income.
    • Down payments as low as 0% are available.*
    • Only homes located in rural areas are eligible for USDA funding.

WHAT IS IT?

Like FHA loans, USDA loans are a federally guaranteed loan program, but backed by the United States Department of Agriculture. This loan program typically requires strong income history and an acceptable debt-to-income ratio, among other things. For all eligibility requirements and to determine eligibility, please contact a licensed loan officer to determine eligibility.

IS An USDA LOAN FOR ME?

USDA loans are often more flexible in income and credit history requirements and can yield more favorable loan terms compared to a conventional loan in certain borrower scenarios.

If you enjoy the pace of a small town versus a suburb or city, there’s a good chance a USDA loan would work for you. You’re welcome to check the eligibility map here.

USDA loans are great if you can pay the monthly mortgage payments but lack the credit profile to qualify for a traditional loan.

Dayton USDA Loan

WHAT’S THE NEXT STEP?

Before you begin shopping for homes, contact a Loan Officer! Even if you’re not ready to buy today, they’ll give you the information and resources you need to move forward with confidence.

If you’re ready to purchase a home, your offer will become stronger with a pre-approval from Northern Mortgage.

In order to apply, you’ll need to collect several documents, including proof of income and assets (e.g. bank statements, etc.), employment verification, and identity verification.

You’re more than welcome to reach out to any of Northern Mortgage’s licensed loan officers with any questions you have!

* No guarantees or offers to lend implied. Contact a licensed loan officer for additional details or to determine eligibility.

Dayton USDA Loan

WHAT’S THE NEXT STEP?

Before you begin shopping for homes, contact a Loan Officer! Even if you’re not ready to buy today, they’ll give you the information and resources you need to move forward with confidence.

If you’re ready to purchase a home, your offer will become stronger with a pre-approval from Northern Mortgage.

In order to apply, you’ll need to collect several documents, including proof of income and assets (e.g. bank statements, etc.), employment verification, and identity verification.

You’re more than welcome to reach out to any of Northern Mortgage’s licensed loan officers with any questions you have!

* No guarantees or offers to lend implied. Contact a licensed loan officer for additional details or to determine eligibility.

Reviews worth sharing.

Real People. Real Results

Our final mortgage was a full 0.5% below any of the nearest competitors! But the real deciding factor was the service from our Loan Officer. They SHOWED his skill by talking straight business. In the end, they exceeded all expectations. They focus on DELIVERING quality. You will be well rewarded with the honest help they can offer.

Nick B.

Simply put, the team at Northern Mortgage did the work and made the difference for my wife and I. They were so clear and always felt like they were in our side. Truly felt like a blessing working with them.

Cheyne J.

Welcome home.

Northern Mortgage

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