No Money Down!
The Rural Development program offers you the ability to purchase a home with 100% financing in a designated rural area.
• 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