USDA Loan Products
Standard Purchase
Here at RAC, we specialize in restructuring USDA loans and finding efficient ways to get them approved and closed quickly. We have in-house USDA underwriting specialists dedicated to helping you close your loans quickly.
The RAC Advantage
RAC accepts Rent Free Letter
New Manufactured home lending
Existing Manufactured home lending per Pilot Program (must be in qualified state)
Finance up to appraised value – 101% LTV!
No downpayment required
RAC underwrites to the FHA guidelines. Absolutely no overlays, ever.
24-Hour Underwriting. Even as fast as Same-Day – in by noon EST, out by 6 P.M. EST
Choose your own AMC. Pick a RAC Approved AMC or simply bring your own.
Quick Closings. RAC is known as the Home of the 7-Day Close
USDA Loan Products
Refinance Programs
USDA refinance loans allow existing USDA Direct Loan and USDA Guaranteed Loan borrowers to refinance at a lower interest rate. Homeowners with an existing USDA Loan can take advantage of special refinance options and potentially obtain a new USDA refinance loan at a much lower interest rate.
The RAC Advantage
Quick and simple refinance programs with limited documentation
Streamline Refinance
Streamline Assist Program
Non-streamline Refinance (requires full appraisal)
USDA Loan Products
Repair – Escrow
USDA allows repair escrow loans where the appraised value is “Subject to” repairs when the appraisal does not meet requirements of HUD Handbooks 4000.1.
The RAC Advantage
RAC will finance 100% of estimated repairs at the closing
Repairs are limited to 10% of the Total Loan Amount
Repairs that do not affect the health, safety, or affect the structural integrity of the home are eligible repairs!
