Guaranteed Rural Housing is a government insured, single-family home loan program for low to moderate income borrowers purchasing homes in rural areas.

No down payment is required – the loan is calculated at 100% of the appraised value

2% one time guarantee fee may be rolled into the loan above the appraised value

NO MONTHLY MORTGAGE INSURANCE!  (this is huge for 100% financing!) 

30 Year Fixed Mortgage (market interest rates)

Loans may include funds for closing costs, the guaranteed fee, and prepaid escrows if the appraised value is higher than the sales price!

Eligible rural areas only (Dallas, Aumsville, Turner, Independence, Woodburn, Stayton…) more areas qualify than you think!  Call with property address for determination if the one you want to buy is eligible!

620 or greater credit score

Generous income limit of 115% of area  median income minus eligible deductions for dependents, childcare, etc… in order to assist more buyers in qualifying

Not just for first time homebuyers

No Recapture!  Home buyer education not required

No prepayment penalites

No limit to seller concessions (seller can pay closing costs/prepaid escrows)

Refinance opportunities are available to current Rural Development loan holders (can refi your current Rural Housing Loan – .5% guarantee fee rather than 2%)

Gifts okay/grant funds okay

No maximum purchase price limit

The benefits go on and on!  If you are thinking of buying a home in a rural area – it is vital that you call me so that I can determine if the property you are interested in is eligible.  Qualifying for this loan is so easy!  The fixed interest rates are low and since there is no mortgage insurance, your payment will be surprisingly low!  This is the best program that is available (100% with no MI) next to the Federal VA loan, only you don’t have to be a VET to qualify!