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U.S. Department of Agriculture Financing Program

  • First-time homebuyers may not have owned real estate within the past 3 years
  • Lender paid/No closing cost programs available
  • Maximum debt ratio requirement: 45%
  • Maximum loan amount varies by region
  • 6% cap on seller-paid closing cost assistance

United Atlantic Mortgage in Virginia Beach is proud to offer 100% financing for first-time homebuyers in eligible rural areas designated by the U.S. Department of Agriculture. Our USDA financing program applies to owner-occupied dwellings only, and includes single family attached/detached; manufactured homes; modular homes; PUDs and condo properties.

Low fixed interest rates are available to all borrowers who are U.S. citizens, U.S. non-citizens, and national or qualified alien citizens. Our USDA financing option is available for qualified applicants with a minimum credit score of 620.

The borrower’s adjusted income may not exceed the rural housing’s limit for the area, and closing costs may be financed if supported by property-appraised value for this one mortgage loan.