The Guaranteed Rural Housing Loan Program is offered through the Rural Housing Service (RHS), an agency of the U.S. Department of Agriculture. The program offers assistance to low and moderate-income rural residents whose income is equal to or less than 115% of the area median income. It was designed to assist qualifying rural residents with better access to affordable housing finance options with little or no down payment or out-of-pocket costs.
There are several advantages to using USDA’s Home Loan Program.
100% Financing Low Monthly Mortgage Insurance(MI) Low Mortgage Interest Rates Low Closing Costs Never a Pre-payment Penalty with USDA