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