While there are many reasons to consider settling down in Oakhurst, one of the biggest draws to this beautiful town is the breathtaking countryside which surrounds it.
If you are interested in purchasing a rural home in or around Oakhurst or anywhere else in California, you might be eligible for a USDA home loan.
What is a USDA Mortgage?
A USDA mortgage is a lending product which the US Department of Agriculture (USDA) insures. Sometimes, the USDA loan program will be referred to as the “Rural Development Guaranteed Housing Loan” program. This is no longer the program’s official name, but many people are unaware that the name has changed.
As the USDA considers an area to be rural so long as the population is no more than 35,000, there are many opportunities to purchase homes in the Oakhurst region using a USDA mortgage.