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 )

• Minimum income limits for RD:

  • Household # 1-4, $110,650

  • Household # 5-8, $146,050

 

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