USDA Rural Loans
Congratulations! You’re Preparing For Your USDA Home Loan…
USDA Rural Mortgage Benefits.
Zero Down. The Michigan Rural Development mortgage does NOT require a down payment. Qualifying applicants may finance 100% of the subject property sale price (Purchase), or value (Refinance). When purchasing, both gift funds AND up to 6% in seller contributions are allowable towards closing costs. There is NO minimum loan amount. And, USDA offers both 30 year and 15 year fixed rate options. Click on the map to quickly determine if your new home is USDA eligible.