usda rural development loans
What is a USDA RD Loan?
The USDA Rural Development loan program offers loans for qualified buyers in areas that are deemed rural. This program makes housing affordable by offering 0% down payment, which makes getting a home possible for many buyers. Eligibility depends on the location of the property and the income of the borrower among other things. For many people, this program is the perfect fit.
USDA RD Features
- 100% Financing (no down payment)
- Must be deemed rural area by the USDA (much of Louisiana is!)
- Income limits based on geographic area
- Can be used for purchases and refinances