USDA is mortgage program like FHA and VA with a couple differences.
1) The home has to be located in a "rural" area in order to qualify.
2) You have to qualify under the county income limits.
The best thing about the USDA program is it doesn't require a down payment.
One of the best things about the USDA program is the monthly mortgage insurance is substantially cheaper than FHA or conventional options.
For example: On an FHA loan of $150,000, the MMI (monthly mortgage insurance) would add $168.75 to your monthly payment but on a USDA mortgage it would only add $62.50!
The other nice thing is USDA will actually allow you to roll in your closing costs as long as the appraised value supports it.
Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.
Please feel free to contact me for more information or help.
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
USDA could be a very good option for you. One of the first things I would recommend is speaking to a mortgage loan professional to see what you will qualify for &/or the best loan options for you. That will give you a realistic range to find that great family home that's right for you.... more
Start by thinking about the first of February. Generally speaking, January is a good month to rest a listing as the area is pretty dead. December is not bad though as you have visitors to the area & investors finalizing their tax strategy. You want it back on the market though as soon as the weather turns. There are plenty of balmy 70' days in February to lure buyers out & there is a tendency for them to want to find something to enjoy over the spring & summer. Do your spring cleaning early, plant some pretty early spring flowers, get it on the market & sell that puppy!... more