Rural Housing In Indiana

BENEFITS OF THE USDA GUARANTEED RURAL HOUSING PROGRAM

• Provides 100% loan-to-value financing for existing homes or new construction based on appraised value.
• Available to low and moderate-income rural households.
• No requirement to be a "first-time" home buyer.
• Less up-front cash-to-close requirements for this program than for conventionally insured or FHA loans.
• No monthly mortgage insurance required. One-time guarantee fee, payable to Rural Development (RD) at closing, which may be financed above the appraised value, as follows:
  • Purchases - 2.00% of loan amount
  • Refinances - .50% of loan amount
• Fully amortized 30-year fixed-rate loans.
• No penalty for pre-payment.
• 2/1 Temporary Buydown available. Qualification is at the start rate.
• No maximum loan limit. Loan limits are dictated by the applicant's income with respect to program eligibility and loan repayment ability. Previous ties to FHA loan limits have been eliminated.

Check here for property and income eligibilty....

USDA Rural Housing Eligibility

Map of Central Indiana Eligible area's....

Indiana Property Eligibility.pdf  (dark shaded area's NOT eligible)

Indiana Property Eligibility

We offer USDA Rural Housing Loans in eligible area's throughout Indiana. Including Hamilton County, Johnson County, Boone County And More.