
no money for a down payment?
NO PROBLEM
A USDA (United States Department of Agriculture) loan is insured by the government and provides homebuyers with opportunities not available through other loan types. Let Univest help you determine if a USDA loan is right for you.
benefits of a Univest USDA loan
- 100% Financing and no down payment
- Seller contributions up to 6% of purchase price allowed
- Program available to first-time or move-up homebuyers
- Flexible credit guidelines
- Competitive 30-year fixed rate program
- Lower mortgage insurance rates
- Loans may include closing costs and other fees
- Refinance options available
eligibility requirements for a USDA home loan
- Credit worthiness must be proven
- Income limitations apply
- Property must be located in a designated rural housing area
- Must be a US citizen, permanent resident or qualified alien
types of properties available to finance with a USDA loan
If purchasing a primary residence in Pennsylvania, New Jersey, Delaware, or Ohio, the following property types are available to finance with a USDA loan from Univest:
- Single Family Homes
- Townhomes
- Condominiums (Approved by Fannie Mae, Freddie Mac, HUD or VA)
- Modular or Pre-Fabricated Homes
contact us
next steps
Looking for expert tips and advice? Get in touch with a Univest Home Loan Consultant for additional information or to discuss the financing options best suited for your situation.
Check it out! Resources are also available on the Univest Blog.
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