RD/RHS Loan Programs:

The USDA guaranteed loan progream is administered by The U.S. Department of Agriculture and offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership.

The USDA Rural Housing Service (RHS) helps qualify applicants who cannot receive mortgage financing from other sources (conventional and/or government), RHS allows a borrower(s) to purchase modestly priced homes as their primary residence. USDA also provides a refinance option if the existing laon is a USDA mortgage.

RHS Loans are an attractive option for the following reasons:

• Minimal closing cost
• Financing allowed up to the MARKET VALUE (appraised value) of the home 
• Guarantee fee paid at closing eliminates any monthly mortgage insurance
• Greater buying power than other programs with the same monthly payment

RHS loans can be used toward the purchase of a previously owned or a newly constructed property. 

Qualifying is based upon household income, qualifying income, credit history and location of the property.

Find out if you qualify for an RHS Loan.

 

Click Here for :  Mini Purchase Applcation

Click Here for: Mini Refinance Application

Apply Now

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