The two types of mortgages you can get to finance a house are a USDA loan as well as a conventional loan. "Conventional" is simply a type mortgage that is not backed up by the government. It's different from other non-conforming loans like FHA or VA loans.

USDA loans can be used to finance closing costs up to the appraised amount. The USDA loan is the only mortgage that offers this option.

If you are seeking a Single Close Construction-to-Permanent Loan, this list contains current participating lenders for that program.

The condition of the prospective home is also an important factor in determining whether it qualifies for a USDA loan. It must meet minimum standards for livability, including adequate plumbing and electrical services and structurally sound walls, ceilings, floors, and roofs. The home must also come with all necessary appliances such as refrigerators and stoves.

There are many benefits to using a USDA mortgage for financing your home purchase.

The total household income is the annual projected income of all adult members. It's important for you to know that income from all household members will count towards the household limit.

USDA home loans come with 30 year terms that are affordable. USDA loans are perfect for first-time home buyers, as well as those who have been in the market for a while.

It's important to note that while most states require at least three months of residency prior to applying for a loan, some states may require up to six months of residency prior to applying. It's always best to check with your lender and verify the specific residency requirements that apply in your state before you begin your application process.

Accept the disclaimer and then select the "Single Family Home Guaranteed" option. This is a different type of loan. Simply enter the address. To ensure accuracy, you will need to contact an official USDA representative.