Who can benefit from this loan?

• Buyers looking for a home in a qualified rural area.

Loan Program Details

• No down payment* is required on these loans. You can go up to 100% financing* and you can finance closing costs into the loan as well as long as the property appraises for enough.
• The seller concession is limited up to 6% of the sales price.
• Finance closing costs, if market value is sufficient
• Gifts permitted for closing costs
• Not limited to first time home buyers
• Homes must be located in an eligible area as defined by the USDA
• Borrowers must meet income limits
• Borrower must not own any other properties (call us for exceptions)
• Low annual annualized monthly guarantee fee keeps monthly payments lower than loans with traditional mortgage insurance

*100% LTV of the appraised value plus the guarantee fee.