Why Choose a USDA/Rural Development Mortgage?
Home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve home ownership by offering a no down payment option.
620 minimum credit score required – All Borrowers are required to have a credit score
Low interest rates
Low closing costs
Gift funds can be used for closings costs
Seller can credit up to 6% of the sales price toward buyers closing costs and prepaid items
Great first-time and move up buyer program
*Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.