The interquartile range is often used to find outliers in data. Outliers are observations that fall below Q1 - 1.5(IQR) or above Q3 + 1.5(IQR).
It isn't. No money down, better rates than an FHA loan, and the ability to finance closing costs. It may sound too good to be true, but in fact itâs a U.S. Department of Agriculture guaranteed rural development loan, and now is your best chance to get one. Before we get into the details, a bit of background.
What Types of Loans does USDA offer? The Section 502 Guaranteed Loan is the most common type of USDA rural housing loan. Amazingly, this loan will actually lend up to 103.5% of the home's appraised value and even allow the buyer to include closing costs in the actual loan (appraisal permitting).