USDA: Rural home loans

Are you purchasing (or refinancing) a home located in a rural area*? You will be pleasantly surprised at the benefits of a USDA Rural Development loan sponsored by the federal government.

Benefits of a USDA loan: No money down Closing costs can be included in the loan amount (if sufficient appraised value exceeds the sale price) Relaxed credit guidelines (similar to FHA and VA) No cash reserves required

Am I eligible?

• 620 FICO score required
   
• Household income can be up to 115% of the media income for your area
   
• Ask your loan specialist for additional specific requirements

Is the home I'm looking at eligible?

• The home must be in an eligible rural area, but many suburban areas qualify*
   
• The home must be owner-occupied
   
• Single family (non-farm)  homes, most condos and PUDs may be eligible
   

*Many suburban areas qualify. Determine eligibility at http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do. Programs, rates and terms subject to change without notice. Certain restrictions apply; not all applicants will qualify. Guaranteed is not acting on behalf of or at the direction of HUD/FHA or the federal government.