USDA Rural Housing home loans insured by HUD are designed to assist low-to-moderate income rural residents in purchasing a new home by providing affordable
interest rate
s and
loan term
s. The home purchase must occur within the
USDA's Property Eligibility Map and the household income must not exceed the established limits for the area where the home is located.
Benefits of the USDA Rural Housing loan program include up to 100% financing (no
down payment
required), nontraditional
credit
may be accepted (includes detailed payment history on rental payments, utility bills, telephone/mobile services and television service), and below market monthly
rates. Like the
VA
home loan, the USDA Rural Housing home loan allows the seller to pay all
s,
property taxes
, and homeowner’s insurance. Take advantage of the USDA Rural Housing loan and purchase with no money down.