A USDA mortgage loan ‘Rural Development Loan’ is a home loan backed by the United States Department of Agriculture. The main goal of a ‘Rural Development Loan’ is to help smaller, rural communities thrive by making property in those areas more affordable.
Essentially, a USDA loan ‘Rural Development Loan’ is an affordable mortgage option for buying a home in a qualifying rural or suburban area.
The USDA Rural Development Loan program was put in place to improve the quality of life in rural America and boost local economies. Originally enacted by Section 502 of the Housing Act of 1949 to help American farmers, the USDA Rural Development Guaranteed Housing Loan Program has been amended over time and has been helping both American homebuyers and communities for over 70 years.
USDA Resource Center
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The included content is intended for informational purposes only and should not be relied upon as professional advice. Additional terms and conditions apply. Not all applicants will qualify. Consult with a finance professional for tax advice or a mortgage professional to address your mortgage questions or concerns. THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT. This is an educational advertisement. No copyright infringement is intended. Prepared 06/08/2020. Copyright © 2022 USDA LOANS - All Rights Reserved.
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