USDA loans are available in most Cache Valley communities, excluding the cities of Logan, North Logan, and Providence. USDA loans require zero down and have low-interest rates for buyers who qualify. The program is dedicated to low to moderate-income families in rural Cache Valley. There is not a minimum credit score requirement with a USDA loan, nevertheless, to get an approval from the automated underwriting system, a lender likes to have a credit score of at least 640. It is also very common here in Cache Valley for buyers to ask a seller to pay for closing costs on their behalf and thus reduce the cost of buying a home even more.
A USDA loan can be used on a single-family residence as well as townhomes.
The home does need to be in good repair to qualify for this loan. The roof is a major consideration and if it is bad shape then repairs will need to be made by the seller. Peeling paint, inside or out, is another major concern to look for. Again if there is peeling paint then the seller will need to remedy that by scraping and repainting the affected areas. Any other items that show the home is in major disrepair can also be called out such as broken windows or a water heater that is not functional.
In the end, many buyers find the USDA loan to be a great loan option when deciding on which loan program will fit their needs best.
Celeste Huss, a real estate agent at Parker Real Estate Services, P.C. is dedicated to helping buyers find the perfect home in the Logan, Ut area. She can help buyers find a great home and pair that will the purchasing power of a USDA loan to achieve the American Dream!
Company Name: Parker Real Estate Services, P.C.
Contact Person: Celeste Huss
Email: Send Email
Address:45 E 200 N, #200
Country: United States