USDA Loan, What was your experience

[Busty]

I have never done a USDA loan but have read about it extensively and my curiosity is getting someone's perspective that's actually been through the whole process.
Thinking about using this route for a house.

[Unique_Carpenter]

Well, you have to buy in a qualifying area and they will pull a full credit check. Note that a USDA Loan is actually only a guarantee on top of a local banks mortgage loan. But they get approved frequently.

[ggew44]

I used it when I bought my property so that I could roll closing cost into the loan. I brought 0 dollars to closing.

[Busty]

^ did it take a long time & do they roll the insurance into the loan?

[jerky]

Positives
lower interest than FHA, lower closing cost than FHA, lower mortgage insurance than FHA, easier qualifying than FHA, 0 down available.
Negatives
Fewer lenders
can take more time to close than FHA, available in primarily rural areas.

[Busty]

Thanks everyone, Unfortunately the government is shut down and that route wouldn't help me at this time