Guaranteed Loans

Michigan

Click here to download forms and find eligible lenders

Michigan Guaranteed Rural Housing Loan Program

Rural Development, with the partnership efforts of over 200 lenders, has assisted nearly 23,000 Michigan families obtain mortgages utilizing the Guarenteed Rural Housing Loan Program. Residents in all 83 Michigan counties have benefited from these mortgages totaling over 1.75 billion dollars to date.

Rural Development in Michigan is proud to have led the nation in guaranteed home loans since 1995. Our sincere thanks go out to all the lenders and borrowers that have joined together to make this program so successful.

Guaranteed Home Ownership Loans

Objective
Assist eligible applicants in buying their homes by guaranteeing private lenders' loans.

Applicant
Families and individuals apply to an intermediary

Uses
Loans may be made to purchase new or existing homes that are modest in cost.

Population
Rural areas and populations of 10,000 or less.

Loan/Grant
Loan guarantee

Terms/Conditions
Loan is for 30 year, fixed rate interest negotiated between lender and borrower. Loan up to 100 percent of market value. Fee is 2% of loan.

Program Guide

GRH Income Limits

Administrative Notices

RHS Eligibility Site

Historical Fannie Mae Rates

Dealer Contractors

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