100% Financing
0 Down! 0 Closing Costs! 0 Mortgage Insurance! 0 Prepayment
Penalty!
Easy Qualifying! Low Interest Rates!
There is no better time to find your way home.
USDA Rural Development has partnered with local lenders to help them extend 100% financing opportunities to rural individuals and families. Benefits of this program to homebuyers include:
- 100% Financing for first-time and repeating homebuyers*
- No monthly mortgage insurance-you may qualify for a larger loan.
- Self-employed income accepted
- 30-year fixed rate
- 620 minimum FICO score
- No reserve requirements
More Families are Taking Advantage of the USDA Loan
In 2009 the USDA enacted changes that made millions of borrowers eligible for their rural mortgage programs. Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan.
USDA mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms.
Owning vs. Renting
| Owning | Renting |
| A First-Time Homebuyer is any U.S. citizen who has not purchased a primary residence in the past three years. | NO return on your investment |
| Tax benefits | NO pride of ownership |
| Everything in your new home is under warranty | NO tax benefits |
| New, quality construction and building standards | NO warranties |
| Brand new appliances and top-quality fixtures | NO stability |
| NO equity | |
| It will never be your own home |