Are you a low- or moderate-income household? Would you like to own a single-family home in a less populated area? The USDA Rural Development Mortgage (RD Loan), sponsored by the United States Department of Agriculture, is designed to promote homeownership in less-densely populated communities across the U.S.
But don’t let the name fool you! It’s not just for places far-removed from suburban or urban areas. There are many approved areas in Wayne and Ontario counties, as well as several other communities we serve.
- No down payment required
- Reduced mortgage insurance as compared to other programs
- No limit on seller-paid closing costs
- More lenient credit score requirements
- Competitive 30-year fixed-rate program
Find out if my income is eligible
Find out if the property I want is eligible