USDA Sub-Prime Loans - Are They For Real?

Courtesy EzineArticles: Home Equity Loans  Thu, 10/15/2009 - 09:24

Unfortunately, yes. Wait a minute, did you say USDA? As in, United States Department of Agriculture? We've heard of USDA Prime Steaks, but USDA Sub-Prime Loans?

What are you talking about? We're talking about a previously almost unknown and little-used program founded in 1949 to encourage the development and sales of homes in mostly rural parts of the country by, see if this sounds familiar, not requiring any down payment on the loan.

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