USDA Rural Development Loans MN – 100% Financing

USDA Rural Development Loans MN : Zero Down, 100% Financing USDA Home Loan from USDA Rural Development.

USDA Home Loan

The USDA Home Loan is a popular option for home buyers desiring 100% Financing.

USDA Rural Development 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.

• 580-640 Minimum Credit
  • Multiple derogatory marks on credit report will make it difficult to become approved for the loan.
• 0% Down Payment
• 1% Upfront Mortgage Insurance; .35% Annual
• Applicants Must:
  • 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.
  • Must be at least 18 years of age.
  • Have the legal capacity to incur the loan obligation.
  • 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.
  • Property cannot be luxurious.

The map below shows how the shaded areas are the places where a Rural Development home loans are not available. The majority of the United States has this Zero Down loan option available to them!

Rural Development Loans MN

Taking a closer look into rural development loans mn : a USDA Home Loan MN , you can see from the map below that the twin cities metro area, as well as the larger cities, are ineligible for a USDA mortgage, but the majority of MN is eligible for a 100% financing, Zero Down USDA Rural Development MN loan:

USDA Home Loan MN

USDA Eligibility (This loan program is also known as Section 502 Direct Loan Program) is dependent on being in a USDA Rural Development area. We offer Rural Development loans MN.

Contact us with any questions or to get your mortgage pre-approval for a USDA rural housing loan.