We take care of the land...it takes care of us.

We're just a couple of country dwellers......

that love nature, hunting, fishing, gardening, campfires, crafting, cooking, canning, laughter and living!!

Ya just never know what I'll blog about next...

So visit us often!

Friday, July 22, 2011

Guest Post

Straight from the prairie....

Trying something a little different today....

Awhile back Kevin Pearia from USDALoans.com contacted me via the blog
and asked if I would be interested in spreading the word about USDA Loans
through my blog. I didn't see any harm in it...maybe it would help somebody
out there in securing funding to purchase a home...maybe someone out there
could benefit from a few paragraphs on our blog! Wouldn't that be great?

So, to help Kevin in his effort to (quote)...
"educate people interested in living in rural areas of the United States",
I agreed to post his article as a guest post.
I hope you will take a few minutes to read this
information and forward it to anyone in the process
of relocating or buying a home.

This is not a paid advertisement.
If you would like or need more information
on this subject please contact
or go to

Although the initial intent of USDA loans was to help rural families find more adequate housing, homebuyers can use them to leave crowded cities. USDA loans, also referred to as Rural Home loans, puts together a bundle of financial benefits that make it easier for families to finance a home in a rural area. Around since 1987, the Rural Home loan program remains a premier home financing option in small cities.
Since the program’s launch almost 25 years ago, it has taken on major eligibility amendments. Most notably, homebuyers do not have live in the smallest of cities or towns to capitalize on a USDA loan. In fact, a USDA loan may be used to finance a home in a city with a population of up to 25,000 people.
Furthermore, income requirements changed to include more middle-income families. USDA loans first aided very low and low-income families in rural areas where finding banks and lenders was difficult. Applicants for USDA loans may be approved even with income that is as high as 80 percent of the area median income.
The program’s perks attract plenty of city dwellers looking for a quieter place to live. USDA loans charge zero percent down to
qualified borrowers, saving them tens of thousands of dollars from the start. Even without spending a penny down, homebuyers can fully finance a home purchase, repair or purchase of property on which to build a home. Better yet, USDA loans have no maximum price on the home to be purchased.
Qualifying for USDA loans is made easier by lenient credit and financial standards. It’s actually possible to qualify without perfect credit. Lenders generally accept scores higher than 620. Debt-to-income (
DTI) ratios, which measures an applicant’s monthly debt compared to money earned, can be as high as 41 percent before an applicant is not considered. Lower DTI ratios and higher credit scores mean better interest rates.
Interest rates for USDA loans remain low and fixed, ultimately lowering monthly payments. The program also does away with private mortgage insurance (PMI), a substantial monthly cost in conventional loans. These two features work together to significantly lower monthly payments compared to conventional home financing options.
First-time and repeat homebuyers may use the Rural Home loan program. However, families must be living in housing that is inadequate for the family’s size, as determined by the USDA. The home to be bought cannot be oversized, and the USDA again concludes what a reasonably-sized home is per the family’s size.

Thanks for stopping by today!


Sharon said...

Hmm, I suppose with the housing market in such a mess, someone renting and not thinking they could afford to buy a home, has a chance!

Have a great day, Lisa!

barb said...

Sign me up for 5 acres to include a few chickens and a goat with a scenic view, preferably where I can't hear the neighbors mowing every night or see the junk vehicles they're mowing around

texwisgirl said...

your photos are the best invitation folks could have to try for country life. :)

Stoney Creek Mercantile said...

sounds good to me, where do I sign up!? ;-)