Is a usda loan the same as an fha loan?

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Toni Stamm asked a question: Is a usda loan the same as an fha loan?
Asked By: Toni Stamm
Date created: Tue, May 25, 2021 7:53 PM
Date updated: Sun, Jun 26, 2022 11:19 PM

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Top best answers to the question «Is a usda loan the same as an fha loan»

USDA loans offer 100 percent financing, meaning there is no down payment required. FHA loans, on the other hand, require at least 3.5 percent down. Though this is less than conventional loans often require, it does mean the buyer must put down a lump sum of cash up front.

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