USDA / RD Loan
A USDA (Rural Development) Loan is a government-backed mortgage designed to help eligible homebuyers in rural and suburban areas achieve homeownership. With no down payment required and flexible qualification guidelines, it’s a great option for qualified borrowers.
Why Choose an USDA / RD Loan?
- No down payment required for eligible borrowers
- Competitive interest rates
- Flexible credit guidelines
- Designed for rural and suburban homebuyers
Is a USDA / RD Loan Right for You?
A USDA / RD Loan may be a great fit if you:
- Are purchasing a home in an eligible rural or suburban area
- Meet income eligibility requirements
- Have limited savings for a down payment
- Are looking for an affordable path to homeownership
- May not qualify for conventional financing
Loan Details
- Backed by the U.S. Department of Agriculture
- 0% down payment required for qualified buyers
- Income and property eligibility requirements apply
- Low monthly mortgage insurance compared to other loan types
What to Expect
USDA / RD Loans are designed to make homeownership more accessible in eligible areas. Our team will help you understand qualification requirements, confirm property eligibility, and guide you through a clear and straightforward process from application to closing.
Our Experts Can Help
No matter where you are in Michigan, our friendly team of mortgage experts is here to guide you through every step of the home-buying journey. From pre-approval to closing, we’ve got you covered. Come share your story with us—we’d love to help make your homeownership dreams come true!
Local Lending Pros
- Our local mortgage lending experts know your community because they live and work there
- Your mortgage lender will be with you through the entire process, from pre-approval to closing
- Our team can give you helpful payment info and other insights about the process
- Tell our team your story. We’re sure to have a solution to fit your needs, and your budget.
Mortgage Resources
We want to make sure your home buying experience is as easy as possible. We’ve dedicated a section of our blog to mortgage and home buying topics. We hope you find them helpful. If you have questions, reach out to our Mortgage Team or give us a call at 800.442.2800.
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*APR = Annual Percentage Rate. Your rate may be different depending on your credit profile and home value. Rates are subject to change without notice. Additional restrictions may apply.
Additional Information
USDA / RD Loans are subject to income limits, geographic eligibility, and program requirements. Not all properties qualify. Contact us for full details and to check your eligibility.