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The U.S. Department of Agriculture (USDA) Mortgage Loan Program.

You may live in an area that the USDA considers rural. If so, you may be eligible for a Rural Housing Loan offered by the U.S. Department of Agriculture. USDA loans offer 100% financing to qualified borrowers who meet certain income qualifications which are tied to the median income for your area. The loans carry an up-front fee which can be financed even if the loan amount is 100% of the value. And, unlike FHA or conventional loans, the monthly guarantee fee is only .033%.

For more information on the USDA government mortgage loan programs and related guidelines, please complete our convenient Poli Mortgage online inquiry form, or call us directly at 781.801.1400 and a loan professional will assist you with your application.

rural home qualifying for a usda loan

If you don’t qualify for a USDA or VA loan, you can explore an FHA loan. More first time home buyers who do not qualify for either 100% financing option, turn to FHA for a mortgage loan. Although the 100% option isn’t available, FHA down payment requirements are as low as 3.5% and the guidelines are usually more lenient than USDA or VA guidelines.

No matter what your situation is, if anyone can find the right mortgage loan for you, it will be your Poli Mortgage Group Loan Officer.


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