City dwellers, contemplating a move to the country? With this especially unique year, many folks are. If you’re searching for a home outside a big city, there is a type of mortgage that could help.
A USDA loan, backed by the U.S. Department of Agriculture’s Rural Development Guaranteed Housing Loan Program, helps buyers with low to moderate middle incomes purchase properties outside of cities.
Many people may overlook this type of loan thinking they are not looking for a place far enough out in the country to qualify. The reality is that these home loans are functional across the country in places that are not right within a metropolis.
The USDA has a website with an online map to research areas of the country that are eligible for the loan program.
With income limits recently raised, and certain parts of the application processed being relaxed, now might be a great time to look at a USDA loan for your mortgage.
As the song from Canned Heat goes, “I’m goin up the country, babe don’t you wanna go?”
If you’re interested in learning more about the potential benefits for homebuyers with the USDA loan program, you can read more here.
When you check out that map for the loan program, you’ll notice Pagosa Springs, Colorado is just one of many eligible rural areas; and when you’re ready to head on up to Pagosa country, Pagosa Brokers Real Estate is here to help you find the perfect place!
Our Brokerage firm has friendly knowledgeable agents, and Southwest Colorado realty experience spanning decades. In Pagosa Springs, Colorado, count on Pagosa Brokers Real Estate. We’d be happy to help guide you through the stages of home buying and selling!
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