All Articles(Page 2)

3 min read September 18, 2023

USDA Loans and Grants for Home Improvements and Repairs

Learn how the USDA Section 504 Home Repair Program can assist rural homeowners with affordable loans and grants to improve their living conditions.

Neighbors Bank Team

4 min read September 11, 2023

USDA Loan Benefits: The Pros and Cons of a USDA Loan

USDA loans offer unique advantages for rural homebuyers. Keep in mind these benefits—and additional challenges—when considering a USDA mortgage.

Neighbors Bank Team

3 min read September 6, 2023

USDA Loans for Barndominiums

Discover how USDA loans may finance existing and new construction barndominiums, along with the benefits and drawbacks of this unique property type.

Neighbors Bank Team

7 min read August 21, 2023

Comparing USDA Loans to Other Mortgage Options

Understand the key differences, benefits and requirements of USDA loans compared to FHA, VA and conventional loans.

Neighbors Bank Team

4 min read August 14, 2023

USDA Loans After Financial Setbacks: Bankruptcy, Foreclosure and Short Sale

Learn how to bounce back from financial setbacks like bankruptcy, foreclosure or short sale to eventually qualify for a USDA home loan.

Neighbors Bank Team

4 min read August 7, 2023

All About USDA Loan Assumption

Learn more about USDA loan assumption, including the process, eligibility and benefits of assuming a USDA loan.

Neighbors Bank Team

3 min read July 25, 2023

What are USDA Direct and Guaranteed Loans?

Explore the differences and benefits of USDA direct and guaranteed loans to understand which program better suits your unique needs.

Neighbors Bank Team

5 min read July 17, 2023

Seller Concessions for USDA Loans

Understand the role of seller concessions in USDA loans including their benefits and limitations and how they can make homeownership more attainable.

Neighbors Bank Team

2 min read May 23, 2023

Everything to Know About USDA Mortgage Insurance

USDA loans do not have PMI. Instead of requiring mortgage insurance, USDA loans have a guarantee fee and annual fee paid to the Department of Agriculture.

Neighbors Bank Team