Free Articles  >>  Business And Finance >>  Page 2929  >> 

USDA Oklahoma Home Loans

USDA Oklahoma home loans are used to help low-income individuals purchase property in rural areas. This is just a brief overview of the USDA and how their program might be able to help you purchase a home.

For many individuals with low income, the thought of owning a home is not in their plan, but if you live in Oklahoma and you qualify, you may be eligible to receive a 100% home mortgage loan, meaning no down payment required. The down payment is one of the two biggest obstacles when it comes to buying a home that and your credit history.

There are some eligibility requirements, just like most loans, but the funds can also be used to build, repair, relocate a home or renovate your current home. In order to qualify for a USDA loan, an applicant must fall within up to the 115% median income for the area. You must be able to financially make the mortgage payments, which includes taxes and insurance. Keep in mind that while you do not have to have perfect credit, you must have a decent credit history.

The USDA has secured 1,604 loans totally over $165 million dollars in Oklahoma through the Single Family Housing Loan program. The USDAs Farm Service Agent had secured $5.21 million/111 Direct Operating Farm Loans which helped farmers keep their property. These loans have enabled them to purchase livestock, farm equipment, and other operating expenses.

What Are You Waiting For

This is an opportunity of a lifetime for those who may not otherwise be able to purchase a home and with no money down and 100% financing, why havent you applied? Since January 2009, the USDA has increased 120,000 guaranteed home loans, which has almost tripled from 2007.

If you are a first time home buyer, contact your real estate agent or lender in Oklahoma and see if you qualify for a USDA guaranteed loan. You may want to visit their website and review the guidelines for qualifying first or you can work with your agent who can guide you through the process from beginning to end. Be sure that your lender has experience in USDA guaranteed loan processing before you begin your house hunting.

Remember dealing with an agent or lender that has experience in several different types of mortgages will give you options that inexperienced or smaller lenders cannot. You want to know what is available and if you qualify before you make your final decision and this will also help speed up the process and get you into your home sooner.

You also may want to run your credit score to make sure that everything is correct and if you need some time to clean up some blemishes, do that before you proceed through the loan process. Even if your credit is not the best, you may still qualify for USDA Oklahoma loans, but you dont know if you dont go for it. Talk to your lender today and see where you stand.

About Author Pam Bertrand :

Today Lending <a href="" target="_blank"></a> is the top USDA lending agency in Tulsa, Oklahoma specializing in USDA Loans within Tulsa. <a href="" target="_blank"></a> Contact 918.582.7283 for more information.

Article Source:
Article Url:

Article Added on Sunday, November 1, 2009
Other Articles by Pam Bertrand

Qualify for a USDA Home Loan Tulsa OK
As a resident of Oklahoma, or even if you are relocating to the area, learning if you qualify for a USDA home loan Tulsa OK can help you get into a home or refinance your current mortgage. Funding is currently available for the USDA Section 502 Guaranteed home loan program in Oklahoma. This USDA home loan is one of the few no money down mortgage programs still existing. Whether you want to purchase or refinance, it is important that you educate yourself before you go house hunting or...

Do You Qualify for a USDA Home Loan Tulsa OK
There are many different types of home loans available when securing financing for your home. A USDA home loan is a great option. Discovering if you qualify for a USDA home loan Tulsa OK, is an option that can put you into your dream house with no down payment even if you have low to moderate income. Exploring the many options you have available for financing a home might make the difference in renting for the rest of your life or becoming a proud homeowner. What is a USDA Home Loan? A...

Securing an Oklahoma Mortgage
Buying a home is a big investment and knowing your financing options will make a big difference when you start looking at securing Oklahoma mortgages. Although Oklahoma loans are just like any other loans, there are a few different types of mortgages available to individuals depending on your geographical location. Getting Pre-Qualified As with any home loan, you want to get pre-qualified for a loan first. This will let you know how much home you can afford. You can think of it as a...

Living in Jenks Is Oklahoma s Best Kept Secret
There are few places in the entire United States with the profile of Jenks, Oklahoma that consistently ranks as one of the Top 100 Places To Live according to Money Magazine. Look no further than Jenks for a level of quality that will exceed you and your family's expectations. Jenks offers some of the best livin' that the state has to offer. Jenks is known for its 12 state football championships, as well as one of the best school systems in Oklahoma. Jenks offers lots of attractions that...

Out with the Old In with the New Midtown Tulsa OK
Midtown Tulsa real estate and homes in Jenks, OK are some of the most beautiful areas of northeastern Oklahoma. Real estate in northeastern Oklahoma is gaining in value, especially in Tulsa and its suburbs. Since this area is so attractive to families and professionals, it's no surprise that the value of property is increasing. New and established housing developments in midtown Tulsa provide convenience and peaceful urban living for residents. People who prefer the suburbs can relax in the...

Learning the Tulsa Home Loans Process
Obtaining a home loan can be a fun and exciting time, but learning the Tulsa home loans process before you start searching for your dream home can save you time and possibly even some money. Whether youre searching in the Oklahoma area or other parts of the world, the home loan process is similar. While different lenders may have different guidelines, most equate to pre-qualifying for a home loan, finding your home, securing a lender, and closing on your home. Here is a brief overview of...

Bixby Oklahoma Surprises Everyone as a Top Place to Live
Bixby, Ok real estate is rising in value right under everyone's nose. Completely contrary to what's going on in the real estate market nationally today, this is a refreshing surprise. Trends show that northeastern Oklahoma real estate will continue to rise. The price of an average house in Bixby, Oklahoma has jumped by 0.8% in the past year. However, the average listing price for a Bixby, OK home is only $369,171. In Tulsa, OK, a similar trend is occurring. The median sales price for a...

Why Bixby Oklahoma Let Us Count the Ways
Why Bixby, Oklahoma? Let Us Count the Ways. There's no place like home is how the saying goes, right? Well, Bixby Oklahoma takes that to extremes. There's no place like Bixby and the people that live there will be the first to tell you. Quiet country living near a bustling big city, great schools, a beautiful natural setting and much more, make living in Bixby a true pleasure. Bixby: A Convenient Suburb in Tulsa County Bixby is located only 25 minutes southeast of downtown Tulsa. The...

Tulsa Mortgages For Your First Home
With all of the beautiful homes for sale in Tulsa, Oklahoma you are sure to find the perfect house. Finding a lender for Tulsa mortgages is your next step, but is pretty easy if you know where to look. Just like real estate agents, lenders are plentiful throughout Tulsa and the rest of the world. There are lenders that specialize in excellent credit home loans, good credit to bad credit home loans, and all in between. If you dont know where you fit in, your first step should be to check...

Families Flock to Broken Arrow Oklahoma
Just a stone's throw from downtown Tulsa, Broken Arrow is one of the most envious places to have the privilege of living. Broken Arrow homes continue to hold their value and the charm of the place will leave you begging for more! The motto of Broken Arrow, Oklahoma is where opportunity lives. As statistics show, opportunity truly thrives in here. In fact, Broken Arrow was rated #66 in Money Magazine's 100 Best Places to Live. So, let's learn about what makes this place so great. Natural...

Click here to see More Articles by Pam Bertrand
Publishers / Webmasters
Article ID: 181707
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

231 Users Online!!
Related Articles:
Latest Articles:
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Business eMail Hosting Provided By AwareIndia

Company IDS