USDA Rural Development Program

No Money Down!

The Rural Development program offers you the ability to purchase a home with 100% financing in a designated rural area.

Program Highlights

• Financing available for existing homes or new construction

• Available to low- and moderate-income rural households

• 100% financing – maximum loan amount is the appraised value of the property plus a one-time guarantee fee*

• Low monthly servicing fee based on average unpaid principal balance

• No cash contribution or cash reserves required; unrestricted gifts

• Loan limits are established based upon the applicant’s income, program eligibility and loan repayment eligibility

• Not limited to first-time homebuyers