The USDA Rural Development’s Single Family Housing Guaranteed Loan Program assists moderate income homebuyers achieve their dream of home ownership in non-urban areas!
Applicants must purchase a single family home within the eligible rural areas (population under 10,000), and have a household income that does not exceed the established limits where the home is located.
USDA Guaranteed Loan Benefits:
The main advantage of USDA Guaranteed Home Loans home loans is the zero down payment requirement. Also, the comparatively cheap mortgage insurance rates make the monthly payment lower then a similar FHA home loan. ‘Rural’ typically means a non-urban area. Many small towns qualify!
Search USDA maps for property eligibility and income limited: USDA Home Loan Eligibility Website On the left side of the web page click under Property Eligibility>Single Family Housing -or- Income Limits>Guaranteed