What Are USDA Loans? – Ask Michele – realtor.com
Q. I’ve been living with my parents for the past two years while I save money to buy a house. Even though I don’t have a huge income, I’ve been able to save $4,000—but that’s not enough for a down payment and closing costs.
I just want to buy a little place that I own and fix up out in the country near College Station, TX, where I work. A co-worker told me he bought a house using a USDA loan. What are USDA loans? How do I qualify for one?