CORONAVIRUS UPDATE
Rayne Building and Loan
USDA Rural Housing Loans | Rayne Building and Loan Go Back

USDA Rural Housing Loans

What is a Rural Development Housing Loan?

This program provides low-income and moderate-income households the opportunity to own a home in eligible rural areas with no downpayment.

  • 100% financing of purchase price available for qualified borrowers and subject to appraisal support
  • Maximum income limits apply
  • Maximum loan amounts apply
  • Loan property and borrower must meet certain eligibility requirements
  • Seller contributions allowed
  • Gifts of down payment allowed