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Michigan Rural Housing Loan...
Rural Housing 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!
Compare
this loan to other loan options.
Rural Housing Loan Features
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$0 down payment.
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Seller can pay up to 6% of the sale price towards your
closing costs.
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No monthly mortgage insurance (PMI).
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No loan limits.
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Geographic restrictions vary by County
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Income limits vary by County.
General Requirements
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Credit score minimum of 620
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No previous mortgage loan late payment in the past 24 months.
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No foreclosure in the past 36 months. Must have
rebuilt credit.
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No bankruptcies in the past 24 months. Must have
rebuilt credit.
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All court ordered judgments MUST be satisfied or have a
satisfactory payment history.
APPLY ONLINE!
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Rural Housing Eligibility Maps
Rural Housing Income Limits
Property
Eligibility Checker |
