If you are thinking about a home in the Empire State, you may be able to take advantage of the rural development home loan program. With the backing of the United States Department of Agriculture (USDA) behind them, these home loans are designed to make home buying easier, while simultaneously strengthening some of the state’s smaller areas.
Advantages of the New York USDA Loans Program include:
- No Maximum Loan Amount on New York Property
- Flexible Credit Guidelines for Qualifying New York Residents
- Low Fixed Interest Rates
- Both New and Existing Properties May Qualify
New York Areas that Qualify for a USDA Loan
While property in one of New York’s major cities will probably not qualify for a rural development loan, there are plenty of areas all over the state that do.
To be eligible, the property must be located outside of the city limits and have a population of less than 20,000 people. This means that while a home in the city is not USDA loan eligible, homes located right outside of the city might be. To find out, the experts at Consumer Real Estate Finance Co. are here to act as your guide. Please fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.