Argos, IN USDA Loan

Argos, IN USDA Loan Guide

“Unlock the Power of USDA Mortgages with Smart Mortgage!”

Argos, IN USDA Home Loan Guide

What is a Argos, IN USDA Mortgage?

Welcome to the Smart Mortgage guide on USDA Mortgages. Navigating the home financing world can be a daunting task, but understanding the various mortgage options available can significantly streamline the process. One such option that you might not be familiar with is the Argos, IN USDA mortgage. Let’s dive in.

1. Overview

A USDA mortgage, formally known as the USDA Rural Development Guaranteed Housing Loan, is a mortgage loan offered to rural property owners by the United States Department of Agriculture (USDA). Designed primarily to promote Indiana homeownership in rural and some suburban areas, the Argos USDA loan comes with a range of benefits that make it a viable option for eligible homebuyers.

2. Key Features

  • No Down Payment: One of the standout features of a USDA loan in Argos, IN is the possibility of financing up to 100% of the home’s price. This means eligible borrowers can buy a Indiana home with no down payment.
  • Competitive Interest Rates: Typically, USDA loans come with interest rates that are either at or below the market rate.
  • Flexible Credit Guidelines: USDA loans often have more lenient credit requirements, which can be beneficial for those with a less than perfect credit history.

Argos, IN USDA Loan Questions Call (888)416-4805

Get Pre-Approved Now

    Once this form is completed you will have the option to start your USDA mortgage application.

    Thank you for choosing iloanusda.com

    Get cash from your home.

    Apply to see how a cash out refinance can help you.

    Get Cash

    Homebuyer Seminars

     Discover the keys to homeownership at our local Argos, IN home buying seminar – your first step towards securing your dream home!

    Seminars

    See our home loans.

    Explore our diverse range of home loan programs tailored to fit your unique needs!

    All Programs

    3. Eligibility Criteria

    To be eligible for a Argos, IN USDA mortgage, borrowers must meet certain requirements:

    • Location: The Argos, IN property must be located in an eligible rural or certain suburban area as defined by the USDA.
    • Income Limits: There are specific income requirements, both minimum and maximum, based on the median income of the area.
    • Creditworthiness: While the USDA is generally more lenient with credit scores, a certain credit standard must still be met.
    • Primary Residence: The borrower must occupy the home as their primary residence.

    4. Benefits of a USDA Mortgage

    • Affordability: With no down payment and the potential for lower mortgage insurance premiums, a Argos, IN USDA loan can be more affordable in the long run.
    • Inclusive: It’s a great option for Argos, IN first-time homebuyers or those without a substantial savings for a down payment.
    • Supporting Rural Development: By opting for a USDA mortgage, you’re indirectly supporting the development and sustainability of rural communities.

    5. How Smart Mortgage Can Help

    Navigating the intricacies of USDA mortgages can be challenging. That’s where Smart Mortgage steps in. Our team of seasoned USDA mortgage professionals is here to guide you through every step, ensuring you make informed decisions tailored to your needs. Whether you have questions about your eligibility or the application process, we’re here to help.

    Take the Next Step Interested in exploring if a Argos, IN USDA mortgage is right for you? Get in touch with our Smart Mortgage team today at (888)416-4805. We’re committed to helping you find the best mortgage solution for your unique situation.

    Do you need a Pre-Approval?
    We are here to help! Get a same day Argos, Indiana USDA pre-approval to shop for your dream home!
    Start My Approval

    Mortgage Resource Center

    More information About Argos, Indiana

    Argos is a town in Green and Walnut townships, Marshall County, Indiana, United States. The population was 1,777 at the 2020 census.

    In 1833, Sidney Williams arrived in the area which is now Marshall County and purchased 600 acres (2.4 km2) of land on the present day site of Argos. Mr. Williams built a tavern, an inn, and helped build a section of Michigan Road. Mr. Williams sold his land to Clark Bliven, the man who built the courthouse on the Williams’s land. This local place of rest wasn’t considered a town until some time later. On January 8, 1851, John Pleak and Marquis L. Smith, laid out the town of Sidney, which is the predecessor to Argos. The town of Sidney was named in honor of Sidney Williams. On November 6, 1856, the town of Fremont, adjoining Sidney, was laid out by Joseph H. Rhodes. Fremont was named after Col. John C. Fremont, who on November 6, 1856, won the Republican candidate for president. On May 21, 1859, a meeting was held for anyone who was interested in the formation of a new township was held in the school house. The purpose of the meeting was to select a name for the township and appointing a suitable person to be the trustee. The names that were offered up for vote were Argos, Noble, and Richland. Noble was withdrawn. The vote total was Argos 12, Richland 8. The commissioners ordered the Township to be called Walnut Township due to the abundance of walnut trees in the area. John A. Rhodes and Charles Brown were proposed for trustee. Rhodes won by a vote of 18 to 4.

    In 1854, the post office was removed from Sidney through political manipulations. Schuyler Colfax, the congressman in the district was asked to name the post office. He had a great interest in Greek history which led him to name the post office Argos, after the ancient Greek city made famous in the Iliad of Homer. Argos was the name that was kept when Sidney and Fremont were consolidated in 1859. The town of Argos was incorporated in the state law in December 1869.

    The Argos Downtown Historic District was listed on the National Register of Historic Places in 2001.

    Argos is located at 41°14′16″N 86°14′46″W / 41.23778°N 86.24611°W / 41.23778; -86.24611 (41.237732, -86.245976).

    We Service the Following Locations in Indiana