USDA Loan

This program is administered by USDA Rural Development, which serves the public through
more than 800 field offices nationwide.  USDA allows for borrowers to finance properties located in rural areas.  Since financing a home in a rural area can sometimes be more difficult, a USDA Rural Housing Loan may be the answer for you.

Through USDA’s Guaranteed Rural Housing Loan Program, low- and moderate-income borrowers can qualify for mortgages even without a down payment.  Qualified borrowers must have an adjusted annual household income that does not exceed the moderate income limit established for the area.  To see if your income and property would qualify for this program, please click here: http://eligibility.sc.egov.usda.gov

Some benefits of the USDA Loan program include:

  • 100% Financing based on appraised value
  • No monthly mortgage insurance is needed although there is a one-time guarantee fee of 3.5%
  • No reserves required
  • No down payment required
  • No first time homebuyer restrictions

Contact an On Q Financial Mortgage Consultant today to determine if USDA is an option for you.

State Licenses

On Q Financial offers home loans for Conventional, VA and USDA financing in the following States: Arizona Lender #BK-0906866 | California Lender #603E172 | Colorado #LMB000021795 | Florida Lender #ML0701235 | Georgia Lender #22050 | Idaho #MBL-6579 | Illinois Lender #MB.6760285 | New Mexico Mortgage Loan Company #03079 | Oregon #MI-4892 | Texas #5645 | Virginia State Corporation Commission #MC-4559 | Washington Lender #CL-5645. On Q Financial provides FHA financing in Arizona, California, Colorado, Texas and Washington.

Disclamier

This web site and the information it contains are provided as a service by On Q Financial, Inc. to assist those who have questions or concerns about purchasing a home and available mortgage products. Our web site has links to sites we feel might be useful to you and which may provide services. When you link to another site, you are no longer on our site and are subject to the privacy policy of the new site. On Q Financial Inc., accepts no responsibility for the content or accessibility of the external websites or external documents linked to on this website. Readers are encouraged to research and verify information contained herein. The information on this website is not intended to substitute for advice from professional credit counselors or legal counsel. On Q Financial, Inc. cannot and does not provide legal advice to members of the public. The listing of an organization does not necessarily represent sponsorship or endorsement of the information or organization by On Q Financial, Inc.