USDA Loan Prien, Louisiana
USDA Rural Home Development - Loans for First Time Homebuyers in Prien
Prien is an unincorporated community and census-designated place (CDP) in Calcasieu Parish, Louisiana, United States. The population was 7,810 at the 2010 census. It is part of the Lake Charles Metropolitan Statistical Area. Some of the area has been annexed into the city of Lake Charles. (http://www.city-data.com/city/Prien-Louisiana.html )
Prien consists of unincorporated land on the south side of Lake Charles. The original community of Prien is located on the southeast shore of Prien Lake, a widening in the Calcasieu River, but the CDP now extends south as far as West Gauthier Road.According to the United States Census Bureau, the CDP has a total area of 6.6 square miles, of which 6.0 square miles is land and 0.62 square miles, or 9.32%, is water. The area of the CDP has decreased by 1.3 square miles since the 2000 census, due to the occupation of certain neighborhoods by the city of Lake Charles.
Prien, Louisiana is only 13 min (6.6 miles) from Lake Charles downtown area which provides many options for leisure. On the shore of our fresh water lake is the only white sand inland beach on the Gulf Coast. A boardwalk stretches the length of the lakefront connecting the beach to a series of waterfront parks, including Millennium Park, the Veteran's Memorial Park and the September 11th Memorial. The city hosts many events on the lakefront including, water sports shows, boat parades, firework displays, and festivals. The Lake Charles Civic Center and Arcade Amphitheatre provide venues for a variety of live entertainment.
A USDA Rural Housing Guaranteed Loan is insured by the U.S. Department of Agriculture. With the USDA "Guaranteeing" the loan, USDA Loan Prien, Louisiana offers a no down payment loan with no monthly mortgage insurance. So if you thought 100% financing was gone, think again. Plus the fact that there is no monthly mortgage insurance payment, makes this home loan program exceptional for home buyers in rural towns and areas!
Benefits of a USDA Rural Home Development Loan
Here are just some of the benefits of a USDA Guaranteed Loan:
- No down payment (100% financing)
- First - Time home buyers
- Do not need to be a first-time homebuyer
- Seller can pay your closing costs
- Lower minimum credit scores
- Compatible with down payment assistance programs
- No monthly mortgage insurance payments
Rural Home Development
USDA Loans for First Time Homebuyers is a dream made into reality. To be clear, this loan type is one of the best loan programs available on today’s market. USDA Loans Prien, Louisiana can assist you all the way through the loan process while offering you low mortgage rates, flexible property requirements and a simple qualification process.
If there are any further questions about applying for your home loan, feel free to contact any of our Prien USDA Loan agents at any time.