Seguro Financial Services has the copyright for Seguro Loans and including all information on this website. The product and information advertised on this website does not constitute to be a loan approval or a loan guarantee. The loan approval is subject to a thorough review of your profile and documents by the underwriting team.

Frequently asked questions about this program

  • Is there a closing costs involved in this loan program? - There will be a closing cost applicable which would include lender fees, broker fees, title fees and other third party charges as applicable. Requesting a detailed fee worksheet of the closing cost is always advisable when comparing loan offers across different companies.

  • Can I get a no closing cost loan? - On a new home purchase check with your real estate broker if you could negotiate for a seller contribution towards closing cost, USDA loans allows sellers to contribute up to 6% of the purchase price. 

  • Can the closing cost be financed? - On a new home purchase, the closing cost cannot be rolled into the loan and you will have to bring the money on table at the time of closing along with the down payment.

  • What is an escrow account and is it mandatory? - An escrow account is a third party account specifically opened to manage your property taxes and home owners insurance. Every monthly mortgage payment you make would include a portion of your property taxes and home owners insurance which would get deposited in an escrow account and when the property taxes and home owners insurance is due the Escrow company will ensure a timely payment for same. On a USDA loan an escrow account is mandatory.

  • Do I pay a Mortgage Insurance? - On USDA loans, a Mortgage Insurance is applicable as a part of your monthly mortgage payment.

Thank you so much for your help in refinancing my mortgage loans.  You were wonderful in being patient with me and going into detail to explain anything I had any questions about.  I will be sure and recommend you for future friends. 

- Desiree Young, TX

This section will give you a good Idea of the mortgage process and the time frame involved.  The knowledge will help you feel more comfortable as you understand and go through the steps.

The United States Department of Agriculture (USDA) provides new home purchase and refinance loan programs for eligible property's located in rural agrees as part of the Rural Development (RD) initiative. 

USDA offers loans with no down payment and does not include any upfront mortgage insurance or funding fee and it is ideal for home owners looking to purchase a property in a rural area and the property eligibility guidelines are also more flexible as compared to FHA, Conventional or VA loan programs.


Key Benefits

  • Higher loan to Value Ratios:- USDA offers 100% financing for new home purchases for eligible property's as part of the Rural Development (RD) initiative. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.

  • Competitive Interest Rates:- With the guarantee of the U.S. government, a lender can offer competitive interest rates to qualified individuals and families. Beginning September 2014, the USDA has also started offering a 15-year fixed rate mortgage. 

  • Flexible Credit Guidelines:- One of the benefits of this program is that you can qualify even with a fair to good credit history, excellent credit history is not a requirement for a USDA loan program.

  • No maximum purchase price:- Unlike other loan programs that limit the maximum loan amount you could apply for, the USDA Rural Development program has no maximum purchase price limit. A lender will still determine the maximum amount of loan you are eligible for based on ability to repay.

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