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  2. USDA loans: What are they and am I eligible? - AOL

    www.aol.com/finance/usda-loans-am-eligible...

    The USDA guaranteed loan program is geared toward low- and moderate-income homebuyers. For this reason, applicants can’t earn more than certain income limits, which vary by metro area and family ...

  3. What are guaranteed mortgage loans? - AOL

    www.aol.com/finance/guaranteed-mortgage-loans...

    A USDA loan has both an upfront and annual fee, which are a percentage of the loan principal, in order to sustain the guarantee from the USDA. These fees are charged to the lender but usually ...

  4. USDA Mortgage Loan Program Widens Footprint - AOL

    www.aol.com/usda-mortgage-loan-program-widens...

    First-time home buyers can purchase USDA-eligible homes with 100% financing using the USDA Single-Family Guaranteed Loan Program. USDA loans, also known as Section 502 mortgages, let buyers ...

  5. USDA home loan - Wikipedia

    en.wikipedia.org/wiki/USDA_home_loan

    Additionally, the property must be located within the USDA RD Home Loan "footprint." USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. [3] USDA Home Loans have Maximum Household Income Limits which vary by the county in which you purchase a home ...

  6. Section 502 loans - Wikipedia

    en.wikipedia.org/wiki/Section_502_loans

    Section 502 loans are a rural housing loan program, administered by the Rural Housing Service (RHS), authorized under Section 502 of the Housing Act of 1949. Borrowers may obtain loans for purchasing or repairing new or existing single-family housing. Loans are made directly by RHS (7 CFR 3550) or by private lenders with a USDA guarantee (7 CFR ...

  7. Loan modification in the United States - Wikipedia

    en.wikipedia.org/wiki/Loan_modification_in_the...

    Servicers that modify loans according to the guidelines will receive an up-front fee of $1,000 for each modification, plus “pay for success” fees on still-performing loans of $1,000 per year. Homeowners who make their payments on time are eligible for up to $1,000 of principal reduction payments each year for up to five years.

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