USDA rural housing loans are geared toward homebuyers who live in areas outside of major cities and have little to no money to put down.

• No down payment required
• No expensive monthly mortgage insurance
• Competitive fixed 30 year rates
• Loans may be obtained for up to 102% of the appraised value or sales price, whichever is lower (100% of the value plus the one-time 2% Guarantee Fee)

Eligibility requirements

• Occupy the property as primary residence
• Be a U.S. citizen, qualified alien, or legally admitted to the U.S. for permanent residence
• Do not own an adequate home
• Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses
• Provide stable and dependable income for repayment ability
• Have a credit history that indicates a willingness to meet obligations as they become due
• Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home
• Purchase a residential property that is located in a Rural Development eligible area