USDA / RURAL Housing

​“Rural Development” home loans are given to qualified borrowers seeking to buy or refinance a home in a rural location. These loans are government insured by the USDA, and are typically for low to middle income households buying a home for primary residence. USDA loans have special features that differ from conventional loans which attract buyers who have typically been denied for other loans, yet still are looking for a way to afford a home. There is no down payment, in addition there is minimal mortgage insurance compared to FHA.

“Quick Facts About USDA/Rural Housing Loans”

• ​“Rural Development” home loans are given to qualified borrowers seeking to buy or refinance a home in a rural location.
• These loans are government insured by the USDA, and are typically for low to middle income households buying a home for primary residence.
• USDA loans have special features that differ from conventional loans which attract buyers who have typically been denied for other loans, yet still are looking for a way to afford a home.
• With a USDA Loan, no down payment is required, and the loan carries no minimal mortgage insurance, as opposed to FHA loans.