United States Department of Agriculture (USDA)

Provided for homes in rural areas.

No down payment. No mortgage insurance required.

Obtain 100% financing to purchase an existing home or build a new home in a rural area. Rural Housing Direct Loans are available to allow low- to moderate-income households to become homeowners and are directly funded by the government.Subject to credit approval. Subject to credit approval. The loan amount is based on 100% of the appraised value, not the purchase price. No down payment, no minimum contributions, and no mortgage insurance are required. This loan option also provides you with flexible credit guidelines and low interest rates. Closing costs may even be included in the loan amount if the appraised value is high enough.

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