USDA Loans

Rural Development Single Family Housing Guaranteed Loan Program

This program assists approved USDA lenders in providing low and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.

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The USDA loan program is a great option for homebuyers seeking 100% financing. If you’re looking or considering purchasing a home in an eligible rural area, you may be eligible to qualify for this awesome program. Choose one of the options:

Who may apply for this program?

You must meet income eligibility. There are income limitations based on family household size. USDA loans take into account income from all family household members, and not just an individual borrower. It’s best to contact us directly with specific questions. You must personally occupy the dwelling as their primary residence. You must have the legal capacity to incur the loan obligation. You must purchase a property that meets all program criteria: The subject property being purchased must be located in an approved USDA Rural Development area. No exceptions. Eligible areas will vary per county, so keep this in mind when shopping for homes.

Benefits of USDA loans:

  • As low as 0% down

  • Property must be located in eligible area (rural/less populated areas)

  • Purchase and Refinance loans available for Primary Residences

  • Refinance loans only available to current USDA mortgage loan holders