CBC Mortgage Agency Approved To Offer USDA Loans
CBC Mortgage Agency is now offering USDA loans for borrowers in rural areas, the company announced in a press release.
The U.S. Department of Agriculture has approved CBCMA to provide USDA 30-year mortgages for borrowers outside of urban and suburban areas.
These loans offer 100% financing, so the company’s correspondent lenders can now help low- to moderate-income families in these areas achieve homeownership without having to empty their life savings for a down payment.
“Our lending partners can now help eligible borrowers buy a home with no money down instead of having to scrape together their own funds or take out a second mortgage for down payment assistance,” CBC Mortgage Agency President Miki Adams said.
“We are thrilled to receive…