The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence.
If you are planning to occupy a home located in a rural area that is deemed eligible you may qualify for a USDA Rural Development home loan.
Income verification, and a credit history that suggests the ability and willingness to meet the repayment obligations is required by applicants. An applicant must also provide proper legal capacity to own property, own no home or dwelling currently and have insufficient resources to qualify for a conventional home mortgage.