The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants purchase modestly priced homes as their primary residence.
RHS Loans are an attractive option because:
Borrow up to 102% of the Appraised Value to cover closing costs
Zero Down Payment Required
No Monthly Mortgage Insurance
Great Interest Rates
Low Monthly Payments
No Limit on Seller Contribution to closing costs
RHS loans can be used toward the purchase of an existing dwelling or a new construction. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes.
