USDA Rural Development Loans

 

• Loan Amount: 100% of Appraised Value
• Term: 30-Year Only
• 1% Guarantee Fee can be financed above the 100% of Appraised Value
  • Monthly Mortgage Insurance Fee: 0.35%
• Purchases Only, cannot Refinance unless RD to RD
• Seller Contribution allowed
• Minimum Credit Score of 640 required; 41% max Debt-to-Income Ratio; 29% Housing Expense Ratio
• Modular Home financing available
• Subordinate financing available (call for details)
• Maximum income limits for RD:
  • Household # 1-4, $119,850
  • Household # 5-8, $158,250

 

Property MUST Qualify. To determine if a property is in an RD Zone CLICK HERE