Skyview Lending Group: USDA Mortgages

A USDA Mortgage (United States Department of Agriculture) offers loan programs that have NO down payment. The USDA does not originate nor service loans, instead the USDA sets the guidelines for loan qualifications and guarantees the loan. USDA Loans have Geographic Eligibility areas. Not all counties are eligible for USDA Loan program. Check the eligibility map.

Key Characteristics USDA Mortgage Loans Includes:

  1. Down Payment: There is NO down payment required if the homebuyer qualifies.
  2. Credit Requirement: The credit requirement is more strict than FHA or VA. You must have a certain amount of credit history, credit score, and credit accounts.
  3. Income to Debt Ratios: USDA loans have a more strict guideline when it comes to how much home you can afford compared to FHA or VA.
  4. Private Mortgage Insurance: USDA loans have a Funding Fee that is rolled into the loan and a monthly funding fee that is lower than FHA. It remains with the life of the loan.
  5. Loan Limits: USDA does not have a loan limit, but it has a household income limit. All income that is earned by ALL people living in the house regardless if they are on the loan or not, has to be included. Household income limits vary per county and the number of household members.

USDA Loans offers the option of NO down payment provided you meet the other loan criteria guidelines. USDA is a popular option for those homebuyers living in the eligible areas with an established credit history, needing 100% financing. Borrowers should carefully compare their options, including interest rates, loan terms, and costs before choosing a USDA mortgage or exploring other financial alternatives.

What we offer

We offer a full range of lending options that provides lower fees and better rates.

Conventional Mortgages

A conventional mortgage is a home loan backed by federally created entities. Typically offered to borrowers with good credit and stable financial histories, these loans offer flexibility for homebuyers who meet the necessary credit and down payment criteria.
Conventional Loans

VA Loans

VA Mortgages from the Department of Veteran Affairs offer advantageous loan programs for service members, veterans, and their families, featuring flexible credit criteria, income-to-debt ratios, and no private mortgage insurance requirements.
VA Loans

FHA Loans

An FHA Mortgage, administered by the Federal Housing Authority and part of the US Department of Housing and Urban Development (HUD), provides flexible options and more lenient credit requirements, making it suitable for both first-time and non-first-time home buyers.
FHA Loans

USDA Loans

USDA Mortgages, provided by the United States Department of Agriculture, offer the option of no down payment, but they require more stringent credit criteria and have geographic eligibility areas. These loans are popular for homebuyers in eligible areas with established credit history, needing 100% financing.
Farm and Land services

Jumbo Loans

A jumbo loan is designed for high-value properties that exceed conforming loan limits. It offers larger loan amounts but requires stricter qualifications and comes with higher interest rates. Borrowers need substantial down payments and excellent credit. It's ideal for luxury home purchases but involves increased scrutiny and costs.
Jumbo Loans

Additional Options

SkyView Lending Group also offers financing for Non QM, Commercial, Multi Family, Farms, Investment Property, Construction Loans, Renovation Loans, Acquisition & Development and more.
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