This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area.

 

USDA Highlights & Requirements:

 

• 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

• Buy a home with no money down (primary home)

• 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

 

Why does USDA Rural Development do this?

 

This program helps lenders work with low and moderate income families living in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.