USDA Mortgage
A USDA Mortgage may be an option for our customers in rural communities. It provides up to 100% financing for a qualified buyer. In certain cases, closing costs may be financed in with the purchase of the home. Offered by the U.S. Department of Agriculture, a USDA loan is designed to promote home ownership in rural communities. Contact us today to see if a USDA Mortgage is right for you.
What is a USDA loan?
USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture offered by Guaranteed Rural Housing (GRH). USDA Loans have income limitations and are geared towards low-to-moderate income borrowers. They offer lower interest rates and no down payment is required.
Why choose USDA?
-No down payment required
-Low monthly mortgage insurance
-100 percent financing available
-Flexible amortization terms from 10 to 30 years
Normal credit and underwriting approval is required.
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Buying a home is a big investment in your family's future. Uwharrie Bank Mortgage is here to make it the best experience possible. Whether you're purchasing new property, refinancing, buying an investment or vacation home, Uwharrie has a financing plan that will get it done.
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A jumbo mortgage is a home loan that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac.
This is an affordable government-backed loan with a low down payment and flexible credit requirements.
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Uwharrie Bank is committed to helping customers in our community achieve successful homeownership. We have many programs designed to provide solutions to first time homebuyers, including many affordable housing options.