USDA Rural Development

Ensuring that all Iowans living in rural communities have access to decent, safe and affordable housing has been a top priority at USDA Rural Development for nearly 50 years. To meet the diverse needs of rural residents, USDA Rural Development has a variety of programs available for houses.

To determine the full range of options available please visit the United States Department of Agriculture website or contact a highly qualified real estate lending consultant.

There are many advantages and requirements for obtaining a USDA Rural Development home loan including:

  • 100% financing available
  • No sales price restrictions
  • Seller allowed contributions
  • Closing costs may be financed if the appraised value is higher than the sales price
  • Competitive interest rate
  • Minimum 640 FICO required
  • Property must be located in an eligible rural area of Iowa, Illinois or Wisconsin
  • Income restrictions apply
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