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