Financing for properties in rural areas.
Mortgages backed by the U.S. Department of Agriculture are designed to put home ownership within reach of buyers in rurally zoned areas. In addition to rural areas, many properties in small towns qualify for USDA financing.
Benefits of a USDA Loan:
- No down payment required.
- First-time and repeat buyers may qualify.
- Flexible credit requirements.
- 30-year, fixed-rate loan terms for easier budgeting.
- Household income restrictions apply.
