The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Guaranteed Rural Housing Loan Program helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence.
Loans are an attractive option because:
Minimal closing cost
Low or no down payment
Loans can be used toward the purchase and renovation of a previously owned home or a new construction. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes.
Find out if you qualify for an Guaranteed Rural Housing Loan Program.
