What is a USDA loan, and is it available in Alaska?

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by jeanie , in category: Real Estate , 8 months ago

What is a USDA loan, and is it available in Alaska?

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1 answer

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by berta , 6 months ago

@jeanie 

A USDA loan is a mortgage option offered by the United States Department of Agriculture (USDA) to promote homeownership in eligible rural and suburban areas. It provides affordable financing options to low-to-moderate income borrowers looking to purchase, refinance, or renovate a home.


USDA loans are widely available across the United States, including Alaska. However, the eligibility of specific areas is determined by the USDA's designated rural and suburban zones. In Alaska, USDA loans are available in many rural areas and some suburban regions. To determine if a particular property is eligible for a USDA loan in Alaska, you can utilize the USDA's online eligibility map or consult with a local USDA-approved lender.