Rural or Suburban Living: Which is Right for You?

Are you thinking of purchasing a home?  With so much to consider these days, making the choice of purchasing a home in an urban, a suburban or a rural area may seem overwhelming.  Our lives today are fast paced and we are constantly on the move.  Due to this high pace, it can be easy to get overwhelmed.   At the end of the day when we get a little quieter, though, often we contemplate on the type of life we would like to have and reflect on our true value system.  We focus on our family and loved ones, our friends, our health, and the importance of having a peaceful sanctuary with room to breathe and relax.

Rural and suburban homes have become a respite from cramped city living for many families in recent years.   Urban areas have been hit hard with an all-time high in crime, a deteriorating infrastructure, financially strapped school systems, and jobs sprawling further outward from traditional city centers.   For countless families, suburban living has been a logical solution, providing safe communities with many choices for practical, affordable homes.  With short commutes, an overwhelming sense of community and healthy support for community services and school programs, life in the suburbs can be relaxing and ideal for raising a family.

A safe, clean, and affordable lifestyle is also available in areas beyond the suburbs.  Rural living offer low levels of traffic and transient noise, low levels of pollution, and the charm of privately owned stores and shops.  If you crave wide open space, and relish traveling the country mile, rural living may be for you.  Land costs are often much lower in rural areas too.   Home buyers are able to enjoy room for gardening or harvesting and simply enjoying the beauty of nature.  Home prices and property taxes are lower in rural areas which in turn offer a wider variety of homes from which buyers can choose.

Both suburban and rural areas can qualify for USDA 100% Loans, also known as Rural Development Loans.  This is advantageous in that the owner does not have to provide a down payment.  Call the USDA Loan Agency at 1-866-854-4242 to learn more about USDA 100% Loans, as well as specific benefits and savings that you may able to receive by purchasing your next home.

How To Know If Homes In Your Town Are Eligible For Rural Development Loans

It is important to know if structures in a certain location are eligible for purchase with Rural Development Loans. Many people think
that only country buildings can be bought that way. Lots of small suburban communities also contain homes that might be aquired with federal money.

The majority of citizens hear about rural programs and instantly envision farms, livestock and fields. Many people do buy quiet estates in those places with government contracts. You should know that those are not the only locations in which you can get a home with federal funds.

There are many small suburbs that contain homes that can be bought with Rural Development Loans. The geographic description of a place is not its qualification for inclusion in those government programs. The defining feature for a community that has eligible homes is that it must have less than 20,000 permanent residents.

The best way to determine if the place where you want to relocate to is included in the program is to look it up on the Internet. The government maintains a list of eligible towns, organized by county, in an online database. A mortgage broker can help you see if your dream town is included on this list.

It is critical to understand if buildings in a certain town are eligible for purchase with Rural Development Loans. Many citizens envision that only country structures might be purchased with one of those contracts. Lots of tiny suburban towns also contain buildings that might be bought with federal funds.