USDA Rural Development Guaranteed Housing is backed by the U.S. Department of Agriculture. This loan is designated specifically for eligible suburban and rural homes (so homes in big cities usually don’t qualify). If you find a home that you like, your loan officer can check to make sure it’s in an eligible area for you. USDA offers 30- year and 15-year fixed rate mortgages. It does not matter if you’re a first-time homebuyer or repeat buyer you can still qualify. Vacation homes and Investment properties do not qualify under the USDA guidelines, the home must be used as your primary residence. With a USDA home loan, you are not required to complete any homeowners counseling, but of course you’re welcome to if you choose. USDA Home loans are for those who fall within a certain income range, so if you don’t make a ton of money that’s okay too. Call our office today and see if you meet the qualification guidelines. Places such as Portland, Eugene and Salem do not qualify but many of the surrounding towns in Oregon do. We would love to help you get into the home you have been waiting for. Most of Oregon is rural and a great place to use the loans program.