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.
Homebuying is a big deal, and here at Neighbors Bank, we are here to guide you along the way. Learn all things homeowning, credit and financing, refinancing and more.
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.