Stop Renting Start Owning

stop renting start owning

If you're having trouble saving a down payment, a USDA Rural Development mortgage may be the perfect road to home ownership. The Single Family Housing Guaranteed Loan Program helps lenders work with low and moderate income families living in rural areas to make homeownership a reality. Any many areas that are eligible are actually more suburban than you'd expect.

Benefits:

  • Low or no down payment
  • Low interest rate
  • Closing costs and reasonable and customary expenses associated with the purchase may be included in the loan if the appraisal permits

Applicant Must:

  • Meet income eligibility
  • Agree to personally occupy the dwelling as their primary residence
  • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
  • Have the legal capacity to incur the loan obligation 
  • Purchase a property that meets all program criteria

Properties Must:

  • All dwelling financed must provide decent, safe, and sanitary housing and be modest in size, design, and cost
  • Generally, rural areas with a population less than 35,000 are eligible
              To Learn more about this or other exciting programs that could help you OWN YOUR HOME Today!
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