USDA - Rural Development Mortgage Loans
The USDA Rural Development loan program covers home mortgages in "rural areas." The government defines rural relatively loosely.
Almost anyone outside of a major metropolitan area looking to purchase a home can qualify for a USDA loan. Eligibility varies based on area, your income, credit history, and number of claimed dependants. As an approved lender, we can help determine eligiblity for both you and the property.
The program is only available for single family housing that will be owner occupied as a primary residence. The loan not only provides the applicant the ability to purchase a home with a no-down-payment option but also allows 100% financing.