USDA Home Loans in Carbonado

USDA Rural Development provides homeownership opportunities to rural Americans, and home renovation and repair programs. USDA also provides financing to elderly, disabled, or low-income rural residents in multi-unit housing complexes to ensure that they are able to make rent payments.

  • Single Family Housing Direct Home Loans
  • Single Family Housing Guaranteed Loan Program
  • Multi-Family Housing Rental Assistance

The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.

Who may apply for this program?
Applicants must:
  • Meet income-eligibility
  • Agree to personally occupy the dwelling as their primary residence
  • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
  • Have the legal capacity to incur the loan obligation
  • Have not been suspended or debarred from participation in federal programs
  • Demonstrate the willingness to meet credit obligations in a timely manner
  • Purchase a property that meets all program criteria
What is an eligible area for a USDA home loan?
Not all addresess in Carbonado are eligible for the USDA loan program, Check the USDA eligiblity Map for areas eligible for the USDA Rural Development loan program. Eligible areas are subject to change.

Wether you decide to buy a home in Carbonado or somewhere else in Pierce county Washington the property may still be eligible for a USDA loan if it is located in an eligible area.

At Mortgage Master we can help find out if the USDA Rural Development loan program is the right choice for you. Compare our findings with other local mortgage lenders in Carbonado, Washington

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