Rural Housing (USDA)

Loan Program

Rural Housing (USDA)

Rural Housing

The USDA determines what “rural” means, and that varies widely by state. But if you’re eligible, you can qualify for lower monthly payments and you don’t need money for a down payment. You’ll also spend less time in traffic driving to the closing.
a. Available as a 30-year option with a fixed rate
b. Finance 100% of your home with no down payment requirement
c. No mortgage insurance means you have lower monthly payments
d. The loan’s income eligibility cap varies by community
e. Click here to see if your property is USDA eligible.

Requirements

Down Payment: None
Terms: 30 years, fixed rate
Credit Score: 640 minimum
Mortgage Insurance: No
Maximum Loan Limit: *Up-Front Guarantee Fee financed into the loan.
Yes, varies by county

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