usda loans- is the USDA life for you?

USDA home loans have been shortened to a turn around time of 5 days. That's good news, compared to the longer turn around times we were seeing prior to December 1st of last year. Loan officers therefore could probably close a USDA loan in about 45 days. I believe there were people avoiding USDA loans because of the long turn around times; however, they are a favorable loan as they provide 100% financing to eligible individuals in eligible areas. These loans eliminate the need for a down payment as well as private mortgage insurance. The interest rates provided are affordable, and the program has favorable terms. Below is a link to the website. If you would like more information on qualifying for a USDA loan or home locations, feel free to contact me, or visit either of these websites:
USDA WEBSITE
USDA HOME LOCATIONS