USDA Rural Development Loans

With the USDA Rural Development option, you can borrow up to 100% of the appraised value of a qualified home. This means you don’t need to come up with the down payment! The program is unique in that if the house appraises for more than the purchase price, a borrower can roll the cost of any appraiser-required repairs into the loan amount. The main requirement for a USDA Rural Development mortgage is that the property must fall within certain geographical areas, outside the city limits of major metropolitan centers (like the City of Lima).


Benefits of Rural Development Loans:

  • Zero Down Payment Option*

  • Competitive Fixed Interest Rates

  • Credit & Debt Flexibility

  • No Maximum Purchase Price

  • Seller May Pay Closing Costs (Max of 6%)

* Zero down payment and other figures shown are for informational purposes only and are not intended
as an advertisement or commitment to lend. Not all borrowers will qualify; contact us for a specific
quote and more information on fees and terms.

Eligibility Criteria for Qualification:

  • Home must be located in an Eligible Rural Area. Eligible property types included existing and new construction, single family residences,condominiums, and Planned Unit Developments (PUDs).

  • Household Income Must Not Exceed the Adjusted Income Limit for the Area

  • Must be a US Citizen, Permanent Resident, or Qualified Alien


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