USDA/RD, or United States Department of Agriculture/Rural Development, is a mortgage loan that is insured by the USDA. The mortgage program has less stringent credit requirements then a conventional loan and can only be used on homes in qualified areas set by the USDA Rural Development. Some benefits of a USDA/RD Mortgage Loans are:
- No down payment
- Low monthly Mortgage Insurance
Contact a local mortgage lender today to learn more.