– Rural Development loans are backed by the US Department of Agriculture. These loans are targeted toward houses in rural communities. These loan programs are available through Arvest. Our mortgage lenders can answer any questions and help you determine if a FHA, VA or Rural Development loan is the best mortgage loan option for you.
USDA offers no-down, low-interest loans – “The applicant still goes through the conventional lender for the USDA’s Guaranteed Loan program,” said Scheibe of Norfolk USDA Rural Development office. “The interest rates vary every day and will.
USDA Loans – Income Limts & Eligibility | Zillow – These loans are for 30 years, and the interest rate varies, depending on the lender. Any state housing agency can issue these loans. For more details, visit our USDA home loans resource page with more information and eligibility. rural repair and Rehabilitation USDA Loans and Grants