TD Bank Adds USDA Loan to Home Financing Portfolio Rural Housing USDA Loan Offers 100% Financing to Qualified Buyers Who Make Up To 115% of the Median Area Income as Determined by HUD
CHERRY HILL, N.J., April 2, 2014 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, has added United States Department of Agriculture (USDA) Rural Housing loans to their home financing product portfolio. The USDA loan is a government sponsored program for properties located in rural areas. While eligibility is based on the home's location and a buyer's household income, the loan provides qualified home buyers with the option to finance 100% of a home's purchase price.
"TD Bank joins a small group of lenders and government agencies who currently offer USDA loans," said Michael Copley, Executive Vice President, Retail Lending, TD Bank. "Our footprint encompasses customers in rural, suburban, and urban areas, and because of that we offer mortgage products that can meet the needs of a diverse array of borrowers. The USDA loan is another way we serve our customers at the local level."
TD Bank offers competitive rates to qualified buyers on conventional, jumbo, adjustable rate, and FHA loans and also offers the Right Step loan, which is TD's proprietary alternative to FHA loans. Customers can apply for a TD Bank home loan when and where it's convenient for them - in person at a TD Bank Store, by phone at 800-822-6761 or online at http://tdbank.mortgagewebcenter.com.
To learn more about TD Bank, America's Most Convenient Bank, stop by a store, or visit us at www.tdbank.com. For more information on home financing and how to have a positive home buying experience visit www.tdbank.com/mortgageserviceindex.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.
SOURCE TD Bank