USDA home loans

Buying a home is now well within reach for rural residents thanks to USDA rural home loans. The mission statement of the USDA home loan program is to improve the economy and quality of life in rural America. It was created by the U.S. Department of Agriculture to assist low and very low income applicants in obtaining decent, safe, and sanitary housing in eligible rural areas. The housing provisions set in motion by the USDA mortgage program encouraged rural homeownership by providing payment assistance to increase an applicants repayment ability. The payment assistance provided by USDA rural home loans is a type of subsidy that reduces the mortgage payment for a short time, and the amount of assistance is determined by the adjusted family income.

Click Here to Learn More