BENEFITS

USDA ‘Rural Development’ loans allow you to purchase a home in qualifying rural and suburban areas with a 0% down payment. USDA ‘Rural Development’ loans allow you to finance 100% of the home’s purchase price while getting access to better-than-average mortgage rates. USDA ‘Rural Development’ loans can be used by first-time buyers and repeat home buyers alike. 

Additional benefits of USDA ‘Rural Development’ loans include: 

• 100% financing 
• Flexible credit qualifying criteria 
• Closing costs can be paid by the seller, or financed into the loan 
• Minimal cash to close 
• Stable fixed-rate financing terms 
• No maximum purchase price 
• No down payment required 
• No prepayment penalty 
• Low-interest rates and stable financing terms 
• 1% upfront USDA Guarantee Fee can be financed into the mortgage