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USDA

USDA’s Rural Housing Service offers a variety of programs to build or improve housing and essential community facilities in rural areas.

We have many USDA programs to better fit with your individual needs. The most commonly used programs are the Single Family Housing Guaranteed Loan and the Section 502 Direct Loan Program. We provide more details below, but if you have any questions or would rather meet with one of our licensed professionals in person please don't hesitate to reach out and schedule a meeting at your convenience.

Rural Development Single Family Housing Guaranteed Loans

This program provides low-income and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides up to 100% financing to eligible rural homebuyers.

Who may apply for this program?

Applicants Must:

  • Meet income-eligibility
  • Agree to personally occupy the dwelling as their primary residence
  • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
  • Have the legal capacity to incur the loan obligation
  • Have not been suspended or debarred from participation in federal programs
  • Demonstrate the willingness to meet credit obligations in a timely manner
  • Purchase a property that meets all program criteria

Section 502 Direct Loan Program

This program provides low-income and very low-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.

Who may apply for this program?

A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans. At a minimum, applicants interested in obtaining a direct loan must have an adjusted income that is at or below the applicable low-income limit for the area where they wish to buy a house and they must demonstrate a willingness and ability to repay debt.

Applicants Must:

  • Be without decent, safe and sanitary housing
  • Be unable to obtain a loan from other resources on terms andconditions that can reasonably be expected to meet
  • Agree to occupy the property as your primary residence
  • Have the legal capacity to incur the loan obligation
  • Have not been suspended or debarred from participation in federal programs
  • Meet citizenship or eligible noncitizen requirements

Properties Must:

  • Be modest in size for the area
  • Not have market value in excess of the applicable area loan limit
  • Not have in-ground swimming pools
  • Not be designed for income producing activities
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