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A USDA loan1 (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home with no money down. USDA Home Loans offer 100% financing to qualified buyers and allow for all closing costs to be either paid for by the seller or financed into the loan.
1. All loans are subject to credit approval. The interest on the portion of the loan that exceeds the value of the borrower’s principal dwelling may not be tax deductible. Consult a tax advisor.
