A home loan for individuals that would like to live outside of the city limits.

U.S.D.A mortgages (United States Department of Agriculture) are meant to promote homeownership in areas deemed “rural” by the Federal government. They are also referred to as “rural development loans or “RD” loans.

Here are the features:

• Requires no money down
• Owner occupied only
• Eligibility based on household income and the house must be in an eligible (rural) area.
• Closing costs can be rolled into the loan up to the appraised value
• Credit scores must be at least 640 and above.
• The seller can pay up to 6% of the sales price towards buyer’s closing costs and pre-paids.
• You do not have to be a first time home buyer, however, in most circumstances you cannot own another home simultaneously
• For more information or to see if the property you are interested in is eligible please contact us or visit www.usda.gov and click property eligibility