Single Family Housing
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
No down payment required 100% financing
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!
Toll Free: 866-481-9575
Mail: USDA Rural Development
2118 West Park Court, Suite A
Champaign, IL 61821