USDA Rural Development Loan
A USDA Rural Development Loan is guaranteed by the U.S. Department of Agriculture (USDA) to help provide low to moderate income households the opportunity to own a home in rural areas. These loans may require no down payment, and loans may be used to finance a higher percentage of the property's appraised value.
Funds from this loan may be used to purchase a new property, repair an existing property, or even to purchase household appliances for a home.
USDA Rural Development Loans Offer:
- Low down payment
- Long term, fixed rates
- Low monthly payments
USDA Rural Development Loans are Ideal for:
- Individuals who meet the income eligibility
- Individuals who are looking to buy in an eligible area
- Individuals who only have a small down payment
If you're looking to purchase a home and wondering if a USDA Rural Development loan is the best option for you, we can help. Click the link below to contact our mortgage department.