$0 Down Payment USDA Loans
Single Family Housing Guaranteed Loan Program Purchase or Build
What does this program do?
Eligible applicants may purchase, build, rehabilitate, improve or relocate a dwelling in an eligible rural area with 100% USDA financing. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers – so no money down for those who qualify for USDA homes!
Who may apply for this program?
Applicants must:
- Meet income-eligibility (cannot exceed 115% of median household income)
- Agree to personally occupy the dwelling as their primary residence
- Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
What is an eligible rural area?
Utilizing this USDA Financing, you can enter a specific address for determination or just search the map to review general eligible real estate areas.
Why does Rural Development do this?
This program helps lenders work with low- and moderate-income households living in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.
Homes that may allow USDA Financing are checked on the USDA eligibility website by address. The ineligible counties are Cobb, Clayton, Dekalb, Fayette, Gwinnett, Muscogee, Rockdale, Bibb, Clarke, and Richmond. Loan limits are not more than $336,500 or $377,200 for eligible homes in other Georgia counties.
Click here for current listings offering USDA Financing. Info deemed reliable, not guaranteed.