Inlanta Mortgage is a USDA Platinum Million Dollar Lender

Rural housing lender platinum award

USDA Platinum Million Dollar Lender

Inlanta Mortgage has been recognized for its contribution to the success of the USDA Rural Development Guaranteed Rural Housing Program for fiscal year 2012. Inlanta is a certified USDA Platinum Million Dollar Lender utilizing over $5 million in rural housing funds during 2012.

USDA Rural Development Program

The USDA Rural Development Loan Program, or just USDA loans for short, are designed to make rural housing more affordable. A USDA Guaranteed Loan is a government insured 100% purchase loan. USDA loan program eligibility depends upon applicant income and the purchase property location. The USDA Rural Housing program is for residential purchases and rate-and-term refinances only – no cash out refinancing. All USDA loans are 30-year fixed rate mortgages.

In 2012, guaranteed rural housing funding was delivered to Wisconsin homeowners resulting in over 3,388 home purchases. Inlanta is headquartered in Brookfield, Wisconsin, just outside of Milwaukee.

USDA Loan Eligibility

In order to utilize the USDA Rural Housing Program, your home must be located in a rural area. Although the term “rural” might not seem to apply to you – several suburbs and outlying communities of most major U.S. cities meet the USDA property location requirements. Check your property eligibility here: Rural Housing Property Eligibility.

Since the program is designed to help low-income individuals or households purchase homes – the USDA Rural Development Program also has income limits. Check the income limits for your area here: USDA Rural Housing Income Limits.

Apply for USDA Loan

Inlanta Mortgage is an approved USDA Rural Housing Program Lender and a USDA Platinum Million Dollar Lender. Use our branch locator to find a licensed mortgage loan officer near you, or apply online now. If you apply online now, we will match you with a loan officer licensed to originate loans in your state.

The information provided in this post is not meant to be comprehensive. For more information on USDA mortgage loans, contact a licensed mortgage loan officer directly.

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

USDA Rural Development Loans

USDA Rural Development

What is USDA Rural Development?

The USDA Rural Development Loan Program is designed to make rural housing more affordable. USDA loan program eligibility depends upon applicant income and the purchase property location. With USDA Rural Development loans, you can finance a home with no down payment

USDA Program Eligibilty Extended

The U.S. Department of Agriculture has extended the USDA Rural Development program until September 30, 2013. Areas that were eligible for USDA financing (Single Family and Multi-Family Housing Programs) on September 30, 2012, will remain eligible until September 30, 2013.

Defining Rural

On October 1, 2012, the USDA was expected to revise its definition of “rural”. This revision would have made USDA rural development loans more restrictive. Eligibility would have been limited to communities with a population less than 20,000 not located within a MSA (metropolitan statistical area). Half the rural population in America lives within a MSA and would be ineligible for the USDA rural development loan program if this change had been implemented.

Communities in Wisconsin that could be affected if the change is implemented later this year include: Burlington, Hartford, Muskego, Port Washington, Portage, River Falls, Stoughton, Sussex, Vernon, and Waunakee. A very large number of Florida communities could be affected as well.

Need more information on the USDA rural development loan program? Consult a licensed mortgage loan professional near you. Use our branch locator to find a local Inlanta Mortgage office.

USDA Rural Development Loans –  Top Originator

One Inlanta Mortgage loan officer has been recognized among the nation’s Top Originators in 2012 for her efforts to help borrowers with the USDA Rural Development Program. Laura Leonhard, branch manager in Marshfield, Wisconsin was recognized in a recent release by Scotsman Guide. Laura has been recognized as the #1 USDA Lender by volume in the country.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.