USDA Rural Development Loan Programs

The U.S. Department of Agriculture offers a variety of programs to assist  low to moderate-income individuals living in rural areas achieve homeownership(see map for eligible areas). The USDA Rural Housing Service (RHS) helps qualifying applicants in rural areas get financing for the purchase modestly priced homes as their primary residence.

USDA/RHS Loans are an attractive option because:  

Up to 102% Financing and no downpayment
Low monthly mortgage insurance
Less stringent requirements for monetary reserves RHS loans can be used toward the purchase.
Borrower must qualify to be able to pay their monthly mortgage, homeowner's insurance and property taxes as well as meet certain income limitations (for number in household) for the county in which the property is located. (see below)

Income Limits by countyand property eligibility:

USDA income and area eligibility