How do I find USDA mortgage leads?

Looking for USDA mortgage leads?

A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.

On October 1st, 2016, the USDA Upfront Fee decreased from 2.75% to 1.00%, meaning it costs less to take advantage of this mortgage program that allows 100% financing for approved households in eligible rural areas. There is a real opportunity for lenders to secure more USDA mortgage leads by becoming a UDSA-approved lender. Applicants must contact an approved lender in order to take advantage of this program that allows homebuyers a very low cost to homeownership.

Targeting USDA Mortgage Leads

Targeting homeowners who qualify for the USDA loan program has never been easier. There are a number of tactics a lender can employ:

MLS networks represent the standard mode of communication between the real estate agent and their home buyers, but are an untapped resource for the lender. Lenders are now poised to play a much bigger role in making loans more accessible, and understood on the MLS. There is clear economic value to the agent, lender and prospective homebuyer if the MLS can increase the number of successful loan applications (and reduce failed transactions) by better qualifying home buyers.

Access thousands of USDA mortgage leads with RatePlug

The RatePlug database contains 1.5 million active listings with 393,606 properties are USDA eligible based on USDA Eligibility Rules. This represents 26% of the properties and represents a large mix of rural and urban areas across different regions of the United States. Some areas are more concentrated than others. For example, the Washington DC area and its surrounding suburbs have about 31% of the properties eligible for this program. The Miami area has only 0.8% eligible properties. When it comes to mortgage marketing, there is no better solution than RatePlug.