Smart Financing & Realty

Single Family Housing Guaranteed Loan Program

An ideal program for rural low- and moderate-income borrowers, the USDA Loan Program gives an opportunity to own homes as their primary residence in qualified rural areas. Eligible borrowers may utilize funds to purchase, build, rehabilitate, improve or relocate a dwelling with 100% financing. This program provides 90% loan note guarantee so eligibility can be with no money down for qualified buyers.

Income Eligibility & Eligible Rural Areas

Allows 115% of medium household income
Enter a specific address or search the map to review eligible areas at USDA's Eligibility Site

Funds utilization

Existing (rehab, repairs and refinance) or New (purchase) residential property used as permanent residence. Property can be detached, attached, Condos, PUDs, Modular, or Manufactured with no acreage caps.
Would include fixtures including flooring , ovens, ranges, refrigerators, washers, dryers, heating, and cooling equipment contingent on the equipment being conveyed with the dwelling
Costs associated with Site preparation, grading, foundation plantings, seeding installation, trees, walks, fences and driveways.

Terms and credit requirements

Guaranteed Loans are offered at 30year fixed rate
No or Low credit requirements