Rural Development Loan Program
Placing Your Dreams Within Reach...
- 100% financing; no down payment
- No private mortgage insurance
- 30 year fixed interest rate
- Flexible qualifying guidelines
- More flexible credit guidelines than Fannie Mae, Freddie Mac, FHA or VA
- Closing costs, legal fees, and other eligible costs may be rolled into the loan
Rural Development income limits are based on the number of people residing within the household. Rural Development allows deductions for children, childcare, and other eligible expenses. By being able to "adjust" the annual income, more individuals and famililes can qualify for 100% Guaranteed financing. Ask a ProLending loan specialist for more information.
How to Qualify for 100% financing:
To qualify for 100% guaranteed financing, you must have a steady and dependable income, demonstrate a reasonable credit history, be a U.S. citizen, or be legally admitted to the United States for permanent residence. Applicants must also meet rural development's "adjusted" income limits for the country in which they are purchasing, qualify within the flexible guidelines offered by rural development for housing and debt loads, and purchase a new construction or existing dwelling located in an eligible rural community.
Georgia Mortgage Licensee Number 13104