USDA Rural Development Single Family Housing Guaranteed Loan Program
Guaranteed Loans Offer Affordable Financing To Rural Homebuyers in Maine.
The mission of USDA Rural Development’s Single Family Housing Guaranteed Loan Program is to assist low to moderate income rural homebuyers achieve their dream of homeownership!
Rural Development extends 100% financing opportunities to eligible rural individuals and families for the purchase of safe and sanitary dwellings in California. Guaranteed loans have assisted thousands of homeowners to purchase a home with affordable interest rates and loan terms.
Applicants must purchase a home within the eligible rural areas, and have a household income that does not exceed the established limits for the county where the home is located. Additional Guaranteed Loan Features include but are not limited to:
- 100% financing, no down payment is required. The loan amount may not exceed 100% of the appraised value.
- Flexible credit guidelines. Non-traditional credit histories may be accepted.
- Fixed 30 year interest rates apply.
- Income eligibility limits apply
- Property must be in an eligible area
At Cal Tech Mortgage Company, we are proud to offer the USDA Rural Development loan.