USDA-RD – Rural Housing – United States Department of Agriculture Rural Development Mortgages (a.k.a. No Down Payment Mortgages)
Guaranteed through the United States Department of Agriculture, the USDA Guaranteed Loan Program provides borrowers in rural areas the opportunity for home ownership. This is an excellent product and benefit for those individuals that qualify. The USDA Guaranteed Loan Program also offers 100% financing opportunities for those who qualify.
Rural areas are defined as towns, cities or places with populations of 10,000 or less, and towns and cities that are not part of a Metropolitan Statistical Area (MSA) with populations between 10,000 and below 20,000.