Total Mortgage Services Launches USDA Home Loans Program


Expands product offering to offer rural borrowers access to more affordable housing finance options

MILFORD, CT – August 1, 2011 – (RealEstateRama) — Total Mortgage Services, LLC, a leading mortgage lender, announced today it is expanding its product lineup by offering the Guaranteed Rural Housing Loan Program insured by the U.S. Department of Agriculture (USDA) through its Rural Development program. A USDA home loan is guaranteed by The Guaranteed Rural Housing Loan Program and is offered through the Rural Housing Service, an agency of the U.S. Department of Agriculture and provides low and moderate?income rural residents to access to more affordable housing finance options.

“Total Mortgage is committed to helping borrowers either purchase or remain in their homes on the most affordable terms available,” commented John Walsh, President of Total Mortgage. “The USDA home loan program is one of the most compelling mortgage products in today’s challenging mortgage marketplace and offers real solutions for rural borrowers, especially those in need of 100% financing or with lower credit scores. Our team of fully licensed loan officers have recently completed an extensive internal training program on USDA home loans guidelines and are ready to educate and help borrowers qualify for this money saving mortgage product.”

The Guaranteed Rural Housing Loan program provides very low and moderate?income rural residents with better access to affordable housing finance options with little or no down payment or out?of?pocket costs. Borrowers may obtain a loan to purchase a new or existing home that is located in a designated rural area. A rural community generally has a population of 10,000 or less; however, a community with a population of 20,000 or less can be considered “rural” if it is located outside a metropolitan statistical area.

Key USDA Home Loan Program Guidelines

  • No Down Payment required
  •   Closing costs can come from any source, including gifts
  • Competitive 30-year fixed rates
  • No monthly mortgage insurance premiums

To review the list of full list of property and income eligibility for the USDA home loan program
please visit the U.S. Department of Agriculture Rural Development website at

To access the most up to the minute USDA home loan mortgage rates available please visit or to speak with a licensed loan officer please call 1-877-868-2509 or email .

About Total Mortgage Services, LLC

Total Mortgage Services, LLC, a provider of some of the lowest mortgage rates, is an industry-leading direct-to consumer and wholesale mortgage lender. The company was founded in 1997 and was recently included in the Inc. Magazines’ list of America’s Fastest Growing companies in 2010 and holds Better Business Bureau “A” ranking since 1997. Licensed in 23 states and the District of Columbia, Total Mortgage offers a variety of products and programs including fixed-rate loans, adjustable-rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. In 2010, Total Mortgage launched its wholesale lending platform TMS Funding. Visit for current mortgage rates, FHA mortgage rates, jumbo mortgage rates, ARM rates as well as other mortgage rates. For more information on Total Mortgage, please visit

Media Contact:
John Lovallo
Lovallo Communications Group
Telephone: 203-526-6371
Or email Total Mortgage directly at

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