What’s the deal with USDA loans? | Let’s Get Real Estate | March

Dear Jan,

Some friends told us that the Department of Agriculture is giving out special loans for buying a home.

Are you familiar with these loans? Is there a catch to buying a home through them?


Dear CM,

I am sure your friends are referring to the United States Department of Agriculture home loans.

These loans are for rural areas, most areas in Kitsap County qualify under the program. These loans allow for the buyer to have no down payment which is rare in today’s financing world.

The Department of Agriculture was backlogged so these loans were taking a couple of months to get approved but the department hired more employees and now the loans are getting approved much faster. Just last week I had one approved in two days.

If the buyers negotiate to have the sellers pay their closing costs the buyers can get in with no money.

There are no catches that I am familiar with in regards to these loans.

You could couple this Department of Agriculture loan with the homebuyer tax credit. What an awesome time to buy a home! Local real estate agents can help get you to a lender who does Department of Agriculture loans.

Happy home hunting!


Jan Zufelt is an associate broker with John L. Scott Real Estate. She can be reached at janzufelt@telebyte.com

More in Business

Search downtown this weekend — for painted rocks

POBSA merchants will hold drawing for those who post selfies with their rock

Port Orchard Chamber establishes COVID-19 resource page on its website

Links listed for national, state and county websites of benefit to business people

South Kitsap Properties opens new office in Port Orchard

Real estate office is on Bethel Avenue

IRS tax filing season starts Jan. 27

The deadline to file 2019 tax returns is Wednesday, April 15

Wave Broadband to increase costs of some TV services

Rate increases to take effect Feb. 1

Village Greens Golf Course wins Community edg3 Award

Bothell shoe company wins grand-prize award from Kitsap Bank

Kitsap Bank rewarded for community involvement

Also: Jackie Smith appointed branch manager at its Bethel and Lund branch

Kenneth Robert Nelson

March 12, 1933 – Oct. 8, 2019

Tornado spawns renewal of Bethel Avenue cafe and lounge

Establishment returns with a new name: Ruby Slipper Bar Grill

Port Orchard vaping business has empty shelves due to ban

New Way Vapors can’t sell its half-million-dollar inventory

Cheers restaurant to be razed for mixed-use building

Property owner plans to build 39 residential units and offer commercial space

KEDA to hold business forum Oct. 24 in Bremerton

Forum begins at 3 p.m. at the Kitsap Conference Center; tickets start at $55