This home loan program, from othe United States Department of Agriculture (USDA): Rural Development, assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary housing as their primary residence in eligible rural areas.
Eligible applicants must buy a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% no money down loans to eligible rural homebuyers.
•Meet income eligibility. •Agree to personally occupy the dwelling as their primary residence •Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien •Have the legal capacity to incur the loan obligation •Have not been suspended or debarred from participation in federal programs •Demonstrate the willingness to meet credit obligations in a timely manner •Purchase a property that meets all program criteria
Sunset Mortgage Loan Officers are here to help you finance your new home with the best terms possible. If the USDA program isn't right for you, give us a call today or send us an email. We'll help you choose the best loan program for your individual circumstances. If you're ready to begin, you can apply online right now.
All loans are subject to credit and property approval. Programs terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Other restrictions and limitations may apply.