USDA RURAL HOME loans

features and details

USDA RURAL HOME LOANS

features and details
The guaranteed rural housing loan program allows for low to moderate income households to do 100% financing.

Features and Details

  • No down payment required
  • 6% seller contributions allowed
  • Owner-occupied only
  • Buyer cannot own other properties
  • Minimum 640 credit score
  • Household income limits apply
  • Gift funds allowed towards closing costs, prepaids and discount points
  • Property must be located in area designated for “Rural Housing” loans