Big Opportunities for
Small-Town Homebuyers

Did you know the U.S. Department of Agriculture offers guaranteed loans to purchase eligible* single family homes? The USDA offers government-backed mortgage assistance as part of its Residential Development program to promote affordable housing. Whether you’re a first-time or repeat buyer, USDA guaranteed loans offer five unique benefits compared to traditional mortgage financing, including:

  • Up to 100% Financing – Low or $0 Down Payment
  • Lower-than-market interest rate
  • Low 0.35% annual fee doesn’t change based on down payment
  • Upfront guarantee fee of 1% of the loan amount. Borrowers allowed to finance the fee
  • Flexible credit guidelines allow eligible borrowers with blemished or limited credit histories to qualify for home financing on primary residences in eligible rural areas
To determine if your property might be eligible, visit https://eligibility.sc.egov.usda.gov/eligibility/ and click on the “Single Family Housing Guaranteed” tab.

* Borrowers wishing to finance with a USDA guaranteed loan are subject to eligibility requirements including income, credit, property, and location.