USDA Rural Housing Services (RHS)

The Rural Housing Program is developed to provide very low and moderate income rural residents with better access to affordable housing finance options with little or no down payment or out of pocket costs.  Borrowers may obtain a loan to purchase a new or existing Single Family Residence (SFR) or manufactured home, located in a rural area. 

Pros and Cons

PRO: No mortgage insurance required on this loan

PRO: 100% Financing

PRO: Interest Rates normally lower than other loan programs

CON: Debt-to-Income Ratios lower than other loan programs

CON: Often run out of funds by or before year end

CON: Must be in a designated rural area

Learn more to see if you qualify for a Rural Home Loan.