Rural Development loans allow first time home buyers and current home owners to purchase their new home with 0% down payment and allows the seller to pay up to 6% of the sale price towards your closing costs keeping your out of pocket expenses low!

Rural Development Loan Features

• $0 down payment.

• Seller can pay up to 6% of the sale price towards your closing costs.

• Low monthly mortgage insurance (PMI).

• No loan limits.

• Geographic restrictions vary by County (click here for eligibility maps).

• Income limits vary by County (click here for income limits).

General Requirements

• Credit score minimum of 600.

• No previous mortgage loan late payment in the past 24 months.

• No foreclosure in the past 36 months.  Must have rebuilt credit.

• No bankruptcies in the past 24 months.  Must have rebuilt credit.

• All court ordered judgments MUST be satisfied or have a satisfactory payment history.