USDA Rural Guarantee Home Mortgage Loans from Delta Home Loans

USDA Rural Guarantee 100% Financing Loan Program:

Rural Housing Direct Loans are loans that are directly funded by the Government. These loans are available for low- and very low-income households to obtain homeownership. Applicants may obtain 100% financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas. Mortgage payments are based on the household's adjusted income. These loans are commonly referred to as Section 502 Direct Loans.

USDA purchase loans are guaranteed by the United States Department of Agriculture for the benefit of low-income individuals or households purchase homes in rural areas.

Applicants for loans may have an income of up to 115% of the median income for the area.  Applicants must be able to afford the house payment including property tax and insurance to qualify and have reasonable credit history.

Solid 30 Year Fixed Rate Financing

Currently 30 year fixed rate financing is available and interest rates are set by the lender.  This is not a direct USDA program and is available through brokers and banks

Visit the USDA Income and Property Eligibility Site to discover if you are eligible for a USDA Rural Guarantee Loan!