Program Search

USDA Guaranteed Loan
USDA Rural Development State Office

Program Overview

USDA Guaranteed Loan is a loan that provides 100% financing with no private mortgage insurance. Must qualify for a 30-year fixed rate loan through a mortgage lender. All towns less than 10,000 population and most towns less than 20,000 population.

Who is eligible for this program?

Must qualify for the loan through a mortgage lender. Must pay a 2% guarantee fee at closing. Moderate income. For more information can be used for refinance transaction also Is this program for first time buyers only? No

Property Eligibility Requirements

All towns less than 10,000 population and most towns less than 20,000 population. Allowable property types: Single Family, Duplex, Condo, Manufactured Home

Benefit Details

Benefit: 100% financing and no private mortgage insurnace. Loan Term: 30 year years Homebuyer Counseling / Education Required: No Owner Occupancy Required: Yes

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.