Single Family Housing
Guaranteed Loans

USDA Rural Development partners with locally approved lenders to help them extend 100% financing to individuals and families wishing to purchase in rural communities.  Benefits of the Guaranteed Loan Program include: 

• No down payment required 100% financing available
• No maximum purchase price limit
• Fixed, 30-year interest rates
• Not limited to first-time homebuyers
• Flexible credit and qualifying guidelines

We are currently processing complete files received on May 8, 2013.

Applications are processed in the order in which they are made complete.  Files are not given preference based on closing date but by the date the file was complete.

Application packages received after 4:30 p.m. are considered received the following business day.

We are unable to accommodate rush requests or pre-qualifications.  Please use the Lender Origination Stacking Order Checklist when submitting a loan for a conditional commitment and the Lender Loan Closing Stacking Order Checklist when submitting a loan for a loan note guarantee.  The person submitting the file to RD receives an email to inform them that the file was received along with our current turn times.

Please run specific file inquiries through the approved lender underwriter.  Borrowers and Realtors should contact their lender for individual file status.  Thank you for your patience and understanding.

Click here for Resources for Lenders

Click here for Resources for Realtors

Interested in applying? Click here!

Contact Information 

• Toll Free:  866-481-9575

• Email:  Champaign-GRH@il.usda.gov

• Fax:  217-403-6237

• Mail:  USDA Rural Development
     Attn:  GRH
     2118 West Park Court, Suite A
     Champaign, IL  61821