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Rural Housing Guy

USDA Loans are offered through the Rural Housing Division of the US Department of Agriculture. USDA Loans were created to facilitate housing and development in America’s rural areas. The USDA offers affordable home loans so that individuals and families can afford housing in the rural areas they want to live in. USDA Rural Development loans are one of the last remaining 100% financing programs. The government offers the zero money down option so that rural borrowers can have access to affordable mortgages. That is why the USDA does not require any down payment on their rural housing mortgage loans. USDA Rural Development loans are the perfect way to finance your rural property without coming up with a down payment.

Some of the USDA Loan program highlights include:
• 100% Financing – No Down Payment Required
• No Mortgage Insurance
• No Cash Reserves Required
• Low Fixed Rates
• Unrestricted Gifts
• Loans to $417,000
• Purchase or Refinance
• Excellent Credit Not Required

Along with the other benefits of this program, any closing costs and prepaid expenses not covered by the seller can be financed in, if the appraisal supports it. This is a unique feature with a USDA Rural Housing Loan.

Income, Property Location and some other restrictions do apply with USDA Loans, however you might be surprised to find the communities that do qualify. With rates on USDA loans similar to rates offered for VA and FHA loans, the monthly payment can actually be more affordable because the USDA home loan does not require monthly mortgage insurance.

Search USDA property eligibility.

We can review your USDA loan scenario and give you an answer in less than 48 hours. Send a message today to get your 100% financing, no down payment USDA home loan!