USDA 100% Financing Loans

100% Financing Loans

The cold weather across the Salt Lake Valley will be breaking soon, and with a thriving housing market there is no better time to buy than now. The increased interest in the residential housing market follows a decrease in unemployment and slow-but-steady growth in the economy. Though these are promising aspects of our overall economy, there are still home qualified home buyers that are not able to come up with a sizeable down payment some loan programs require.
Fortunately, today, there are so many loan programs to explore. When considering the possibilities it is wise to consult a professional mortgage lender before you find your dream home. Says Adam Klawe of Eagle Home Mortgage, ??????Pre-qualifying for a home truly is the first step to purchasing. Let an expert be your guide.?????? As one of the qualified, experienced and certified USDA Home Loan agencies, Eagle Home Mortgage can provide the information and advice you need right from the start.

Utah buyers benefit from loans backed by the USDA, enabling them to receive cost saving loan programs including:

??????? 100% Financing up to the appraised value of the home
??????? No private mortgage insurance for qualifying Utah homes
??????? Flexible Utah credit qualifications
??????? No Utah loan amount limitations

Qualify for a USDA Loan in Utah

Lenders often look over Utah USDA loans because they are not aware that these loans are not just relegated to agriculture areas as same may think. In fact many communities situated just outside of Salt Lake City actually do qualify. Suburban areas just outside of the city with a population of 20,000 or less can be considered for a USDA loan. This allows buyers to live in the community of their choice, with an easy commute to work each day. Of course, guidelines will vary, but understanding your mortgage options in advance can greatly impact your overall budget.

USDA Loan Limitations

While USDA are an exceptional deal for borrowers, they don????????t come without some limitations (does anything??). The application is relatively standard, and a mortgage loan officer can assist you with all your questions and guide you through the process. Like most loans, you should be aware that there are a few eligibility restrictions. These include a credit evaluation, determining is the home you would like to purchase qualifies, as well as a maximum income limit.

Utah is an expansive and beautiful area offering a quality of life second to none in the US. USDA loans make it possible for residents to afford buying a home.

With help from a certified agent, you too, can finally realize your dream of home ownership.


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