Guaranteed Homeownership Loan Program

Provides loans in rural areas that assist moderate to low income applicants to purchase, construct, repair or rehabilitate, or relocate a single family home. Loans are made by approved lenders with USDA Rural Development issuing a guarantee on the loan. Funds for repairs can only be included with the purchase of an existing home.


  • Eligible applicants include individuals or families, who do not presently own adequate housing.
  • Applicants must have an income that is below the moderate-income limit for the area.
  • Applicants must be unable to obtain conventional credit at reasonable rates and terms, must have adequate repayment ability and must have an acceptable credit history.
  • Credit scores of 680 or greater are typically considered as acceptable. Credit scores below 680 may also be considered but may require additional credit analysis.

Loan Terms and Conditions:

  • Loans carry a 30 year term at a fixed interest rate.
  • The loan amount may be up to 100 percent of the market value of the home and can include typical closing costs (not to exceed the appraised value).
  • There are no cost or loan limitations for this program.
  • Homes must be located in rural areas. All communities in Nebraska are eligible for housing programs with the exceptions of Fremont, Grand Island, Hastings, Kearney, Lincoln, North Platte, Omaha, and South Sioux City/Dakota City.

Are you eligible?
Guaranteed Homeownership Loan Fact Sheet
Income Limits
Rural Development Guaranteed Housing Information
Apply with Approved Mortgage Lenders