USDA/Rural Development - Guaranteed Rural Housing Program

 

Guaranteed Home Loans

 

Under the Guaranteed Loan program, the Rural Development guarantees loans made by private sector lenders. (A loan guaranteed through RD means that, should the individual borrower default on the loan, RD will pay the private financier for the loan.) The individual works with the private lender and makes his or her payments to that lender.

Under the terms of the program, an individual or family may borrow up to 102% of the appraised value of the home, which eliminates the need for a down payment. Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, the availability of the loan guarantees from RD makes the reality of owning a home available to a much larger percentage of Americans.

Application Process:
Contact Information:
Name: General Information
Address:
Phone: (800) 944-8119
Email:
USDA: Agency Page, Website