Looking to buy in a Rural area?
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties.
To see if a property qualifies, visit the USDA Income and Property Eligibility Site or contact your local DRMC Mortgage Loan Advisor and see if this loan is right for you.
- Term available: 30-year fixed
- 100% financing (no down payment)
- Single-family residence
- Primary residence only
- 3 years post-bankruptcy
- 3 years post-foreclosure
- Seller concessions up to 6%
- Maximum loan amount $417,000 - up to conforming limit
- Purchase only