USDA Mortgages

Rural Development Guaranteed Loan Program

Midwest Mortgage Capital is proud to serve homebuyers in America’s rural communties by offering USDA loan products. The United States Department of Agriculture, under their Rural Development Guaranteed Loan program, makes it possible for individuals purchasing a house in an eligible rural area to receive a loan for 100% of the purchase price.

USDA Loan Details

· No down payment required

· May borrow up 100% of the appraised value of the home, up to $417,000

· Competitive 30-year fixed rates

· Not limited to first-time home buyers

· No maximum purchase price limit

· Improvements and repairs can be included in the home loan

· Flexible credit guidelines

· Funds for closing costs can come from any source, including gifts from family and/or seller concessions

· New Construction eligible

· Must occupy the property as your primary residence

· Subject property must be located in a designated rural zone

To learn more details and to get prequalified for an USDA loan, please contact your local Midwest Mortgage Capital Mortgage Consultant or apply online.