USDA Rural Development Program
This special loan program enables borrowers to purchase a home with no money down. You can even roll some of the closing costs into the loan, making home ownership that much easier. To be eligible, you must meet the income limitations and the property must be located in an eligible Rural Housing Zone.
- Summary
- No down payment
- Roll closing costs into loan (loans available up to 102%)
- Competitive market rates
- Fixed term mortgage up to 30 years
- Easier to qualify
- No private mortgage insurance (PMI) required
- Household income must fall within program guidelines*
- Single family, owner occupied properties only
- Personal service every step of the way
- Local approvals
*Income eligibility varies by county. Contact us for these limits, or visit the USDA Rural Development income eligibility requirements page.
