USDA Rural Housing Loan

100% Financing for Rural America

Make the dream of homeownership come true with the Affordable Housing Program for rural America.

If you are purchasing a home in a USDA Rural Development defined rural area, then you may be eligible for financing with the Rural Housing program which features 102% financing.

Don't let the word RURAL mislead you.  Rural housing loans are available in many areas. 

How it works:

1.  Finance full purchase price plus closing cost up to 102% of appraised value

2.  6% seller concession permitted for closing cost assistance

3.  100% gifting permitted for closing cost assistance

4.  No post closing reserve requirements

5.  29/41 ratios

6.  NOT limited to first time home buyers

7.  No monthly mortgage insurance - one time guarantee fee at closing

8.  Finance required property improvements into total loan up to 102% of as improved value.  Repairs may be completed after closing.

Sun American Value Added:

1.  Competitive pricing - NO negative adjustments for the USDA Guaranteed Rural 2.  Housing product or small loan balances.

3.  Underwriting, processing and closing area dedicated to Rural Housing

4.  "Credit Only" approvals with no upfront fees

5.  No minimum cash requirements for borrowers at closing.

6.  Compare rates today on a Rural Housing Loan.