Explore Rural Development Financing for Your Oklahoma Home

A USDA home loan, part of the USDA Rural Development Guaranteed Housing Loan Program, offers a zero-down payment mortgage for eligible rural and suburban homebuyers. The USDA’s mission is to assist low and moderate-income families in rural areas, turning homeownership into a reality.

Who qualifies for Rural Development Financing?

• A minimum credit score of 640 is required.
• Must occupy the home as their primary residence.
• Meet specific income requirements.
• Purchase a property that meets all program criteria.
• Has not been suspended or debarred from participation in federal programs.
• Borrowers are required to finance Upfront Mortgage Insurance Premium (UFMIP), included in monthly mortgage payments.

Rural Development loan requirements set by the U.S. Department of Agriculture include:

• Funds backed by loan guarantees can be used for new or existing residential property to be used as a permanent residence.
• Closing costs and reasonable/customary expenses associated with the purchase may be included in the transaction.

Contact Us or Pre-Qualify Today!

*Subject to credit approval.