Tagged the “Farmers Loan” decades ago, USDA rural mortgage financing is unique in the mortgage market. Along with VA financing, the United States Department of Agriculture offers one of the only true 100% financing options.
No down payment. 100% mortgage financing. A true rarity in 2015.
Geographically restricted to American “rural” areas and limited to borrowers with low to moderate incomes, rural financing serves valiantly a normally underserved housing demographic. READ MORE