How FHA Home Loans Are Different from USDA Mortgage Loans


Owning a home is a dream for some and a need for many. A dream home symbolizes beauty and luxury. For people who need a home just for shelter, it keeps them safe. Now both the housing dream and the need for a shelter can be attained easily. This is all thanks to the Federal Housing Administration (FHA) and United States Department of Agriculture (USDA), two government agencies, for making home loans within the reach of common people. The path to your dream home can be reached by FHA home loans and USDA mortgage loans. There are differences between FHA home loans and USDA mortgage loans that can be identified under certain categories, which includes down payment, closing costs, credit score, area limits, and income. This blog provides a list that'll help you understand how FHA home loans are different from USDA mortgage loans.


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