USDA – United States Department of Agriculture

The USDA Rural Development Program helps you realize the dream of homeownership. USDA guaranteed loans are only available on properties located in rural areas designated by the USDA. This program offers mortgage financing without many of the restrictions other programs may require. A key benefit of USDA home loans is that no down payment is required, allowing families with lower incomes the opportunity to become homeowners. Don’t know where to begin? Reach out to us today. We’re excited to help you take the next step toward securing your dream home.

USDA Guaranteed Rural Housing Loans Program Features

• Property must be located in rural areas designated by the USDA
• Applicants with a vast range of credit profiles
• Eligible applicants with incomes that do not qualify them for Conventional financing
• Lower-income families and individuals
• Available to both first-time homebuyers and repeat buyers
• 100 percent financing available
• Seller concessions maintained
• No requirement for cash reserve
• No non-allowable costs
• Competitive rate fixed at 30 years
• No limit on gift funds
• Maximum income eligibility applies