Usda mortgage rates Meaning and Definition

Pronunciation

/ˈjuːsˌdeɪ ˈmɔrɡɪdʒ ˈreɪts/ 🔊

Part of Speech

Noun phrase

Definition

A type of mortgage offered by the United States Department of Agriculture (USDA) for rural homebuyers, providing financing for the purchase of a primary residence in rural areas with favorable interest rates and terms.

Etymology

The term “Usda mortgage rates” originated from the United States Department of Agriculture, which offers mortgage insurance for rural homebuyers.

Usage Notes

When referring to Usda mortgage rates, it is essential to use the correct term to avoid confusion with other types of mortgages. When discussing the rates, it is crucial to consider factors such as credit score, loan amount, and loan term.

Cultural References

Usda mortgage rates have been featured in several real estate and financial publications, including The New York Times and Forbes.

Idiomatic Expressions or Phrases

‘Homeownership made affordable’

Related Words or Phrases

• Va loan
• Fha loan
• Rural development loan

Collocations

• Usda mortgage rates options
• Usda mortgage rates requirements
• Usda mortgage rates benefits

Frequency of Use

Usda mortgage rates are commonly used by rural homebuyers and financial institutions.

Common Misspellings

sda mortgage rates, Usda mortage rates, Usdea mortgage rates