Offers loan guarantees to approved lenders providing financing to individuals and families with low or moderate income to obtain safe, clean, modest, affordable homes in rural areas. Reduces the risk to lenders, allowing them to extend 100% financing to eligible homebuyers who are unable to secure credit from other sources. Loan funds may be used to:
Loan amounts are determined by the market value, purchase price and acquisition costs of the property, including closing costs and reasonable/customary expenses associated with the purchase.
Interest rates vary and are determined by individual lenders. The program offers 30-year fixed rate loans only, and there is no down payment or minimum credit score required to receive a loan.
Applicants must meet the following requirements:
Buildings and Facilities • Capacity Building
Contact a Single Family Housing Guaranteed Loan Program nationally approved lender of your choice to discuss specific loan terms and start the application process.
Applicants are encouraged to contact their preferred private or state-based lender to learn if they are an approved lender with USDA Rural Development. Applicants are also encouraged to compare lenders in order to find the best available service and financial options for their loan.
For program questions:
Contact your preferred Single Family Housing Guaranteed Loan Program nationally approved lender
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