USDA provides homeownership opportunities to low-and moderate-income rural Americans through several loan, grant, and loan guarantee programs.
Rural Housing Home Loan Purchase Programs. If you are looking to buy in a rural community your first home, or looking to move up, the USDA Home Purchase can give you access to purchase a home with no down payment and a low fixed mortgage interest rate. Contact a USDA Loan Specialist Online or toll free at (800) 461-4152 to learn more about how the USDA Home Purchase Programs can help you. Housing Assistance. USDA provides homeownership opportunities to low-and moderate-income rural Americans through several loan, grant, and loan guarantee programs. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary. Rural Development Loan and Grant Assistance. USDA Rural Development forges partnerships with rural communities, funding projects that bring housing, community facilities, business guarantees, utilities and other services to rural America. USDA provides homeownership opportunities to rural Americans, and home renovation and repair programs. USDA also provides financing to elderly, disabled, or low-income rural residents in multi-unit housing complexes to ensure that they are able to make rent payments. 1  Single Family Housing Direct Home Loans. USDA works with public and nonprofit organizations to provide housing developers with loans and grants to construct and renovate rural multi-family housing complexes. Credit: The minimum credit score is 640 and you may qualify for the program with a limited credit history. For example, 2 credit accounts with a 12 month history and a 12 month rental history may be enough credit history to qualfiy for this program. A first time home buyer who want to utilize the USDA zero down payment program and learn about eligibility should seek a loan officer who has experience with these type of loans because the guidelines and procedures are different than any other program. Welcome to the USDA Income and Property Eligibility Site. This site is used to determine eligibility for certain USDA home loan programs and the USDA Satellite Grant Program. In order to be eligible for many USDA loans, household income must meet certain guidelines.  This program assists approved lenders in providing low-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. Income limits (pdf) are dependent upon location of the home, and the number of persons residing in the home. NOTE: Please ensure to that your state is selected in the dropdown menu above to contact a Guaranteed Loan Coordinator in your state for more information. USDA Multi-Family Housing Programs offer Rural Rental Housing Loans to provide affordable multi-family rental housing for very low-, low-, and moderate-income families; the elderly; and persons with disabilities. Rural Development Loan and Grant Assistance. USDA Rural Development forges partnerships with rural communities, funding projects that bring housing, community facilities, business guarantees, utilities and other services to rural America.
http://www.usdaranlife.com/usda_purchase.php http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS http://www.usda.gov/wps/portal/usda/usdahome?navid=HOUSING_ASSISTA http://www.firsthomebuyers.net/usda-loan.html http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1 http://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS
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