USDA Rural Development Home Loan Program Find A Lender
The USDA Guaranteed Loan Program is a federal program offered through the United States Department of Agriculture. Rural Housing through the USDA program provides a number of home-ownership opportunities to rural Americans, as well as programs for home renovation and repair. Rural Housing also offers 100% financing opportunities for those who qualify.
Rural Housing Direct Loans are loans that are directly funded by the Government. These loans are available for low- and very low-income households to obtain home-ownership. Applicants may obtain 100% financing to purchase an existing home, purchase a site and construct a home, or purchase newly constructed homes located in rural areas. Mortgage payments are based on the household's adjusted income. These loans are commonly referred to as Section 502 Direct Loans.
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