USDA Rural Development:

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.

Who Is Eligible?

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.

Benefits of USDA RHS

  • No Down Payment Required. Borrowers can finance up to 100% of the appraised home value or a borrower can have a gift or grant go toward a down payment with no money out of pocket.
  • Competitive 30 year fixed interest rates.
  • Flexible credit guidelines.
  • No maximum purchase limit. The USDA Rural Development program has no maximum purchase price limit.

The subject property must be a primary residence and located in an eligible area to qualify for The USDA Rural Development program Click the link below to determine if your property is eligible.

The borrowers total household income must be below the required USDA Income Eligibility Limits for the size of their household. Click the link below to determine if you qualify.