Oklahoma USDA Mortgage and Home Loans
Primarily used to help low-income individuals or households purchase home loans in rural area. In Oklahoma this provides many people with 100% mortgages and home loans. Funds can be used to build, repair, renovate or relocate a home.
Eligibility: Applicants for loans may have an income of up to 115% of the median income for the area. Below are the median incomes for Oklahoma county USDA home loans. Families must be without adequate housing, but be able to afford mortgage payments, including taxes and insurance. This means the borrower must not have any addition properties and is purchasing for primary residence. In addition, applicants must have reasonable credit histories.
In addition, USDA Home Loans are only in designated areas. Click on the link to see if the property you’re interested in is eligible.
For lenders click here: http://www.todaylending.com/USDA.php