The USDA Rural Development mortgage program offers zero down loan options to eligible borrowers. This is not a “farm” mortgage, but a mortgage that is designed to support the growth of housing in rural communities. Many areas in Minnesota qualify.

This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural home buyers.

Providing affordable home ownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

What are the benefits of a USDA Home Loan?

• No Down Payment Required

• Lower Mortgage Interest Rates

• Flexible Credit Guidelines

• No Maximum Purchase Price Limit

• Affordable Monthly Mortgage Insurance

• Streamline USDA Refinance