What is a rural housing (USDA) loan?

A mortgage program funded by the United States Department of Agriculture (USDA). The mortgage program allows opportunities for borrowers to qualify in rural areas.

Who qualifies for a USDA loan?

Qualifications and eligibility for a USDA loan relies on income, property area, residency requirements, along with additional financial and underwriting requirements.

Can only specific areas qualify for a USDA loan?

Yes. Homes must be purchased in designated eligible areas; these are defined by the USDA.

How do I know if a property is eligible for a USDA loan?

Property eligibility is based on designated eligible areas defined by the USDA. Check to see if the area you are looking to purchase qualifies; USDA Property Eligibility.

Will a down payment be required?

Down payments are not required for a rural housing (USDA) loan. Additional fees may apply.

Are there additional fees?

Yes. An annual fee is required for a USDA loan; based on the total loan amount. The fee is paid monthly for the life of the loan.

What are the benefits of a USDA loan?

Benefits include: - Reduced fixed rates - 0% down payment options - First-time home buyers and home buyers are eligible

Rural Housing Loans

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Eyeing a home with wide-open spaces and a slower pace of life?

A Rural Housing Loan could be a great fit for you! Benefits of a Rural Housing loan include:

Reduced fixed-rates
No down payment required
Not limited to first-time homebuyers

Why choose a Rural Housing loan?

Rural Housing loans are government funded, designed for buyers with moderate-to-low incomes who might not qualify for conventional loans in rural areas.

Check to see if the area you are looking to purchase in qualifies for USDA: USDA Property Eligibility

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Frequently Asked Questions

What is a rural housing (USDA) loan?

A mortgage program funded by the United States Department of Agriculture (USDA). The mortgage program allows opportunities for borrowers to qualify in rural areas.
Who qualifies for a USDA loan?

Qualifications and eligibility for a USDA loan relies on income, property area, residency requirements, along with additional financial and underwriting requirements.
Can only specific areas qualify for a USDA loan?

Yes. Homes must be purchased in designated eligible areas; these are defined by the USDA.
How do I know if a property is eligible for a USDA loan?

Property eligibility is based on designated eligible areas defined by the USDA. Check to see if the area you are looking to purchase qualifies; USDA Property Eligibility.
Will a down payment be required?

Down payments are not required for a rural housing (USDA) loan. Additional fees may apply.
Are there additional fees?

Yes. An annual fee is required for a USDA loan; based on the total loan amount. The fee is paid monthly for the life of the loan.
What are the benefits of a USDA loan?

Benefits include:
- Reduced fixed rates
- 0% down payment options
- First-time home buyers and home buyers are eligible

Rural Housing Loans (USDA)

Dreaming of the perfect home in the countryside?

Eyeing a home with wide-open spaces and a slower pace of life?