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USDA – Rural Development Loans in Colorado are a perfect solution for many people who need 100% financing on the purchase of a new home.

There are thousands of borrowers in smaller communities that fit perfectly into th guidelines of this program.

Why are Rural Development Loans the most flexible of all Government programs?

• USDA RD loans will allow the borrower to finance up to 100% of the purchase price
• There are no Mortgage Insurance requirements
• Sellers can pay an unlimited amount of closing costs
• There are no limits to the amount of gift funds a borrower can receive
• Common sense credit guidelines

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Even though the USDA Rural Development Loan program is limited to townships & cities of less than 10,000 people, it is amazing how many communities actually qualify for this program.

Click on the map to see if a property is eligible for USDA financing

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USDA Rural Development Loan Eligibility Bullets:

• Borrower can only finance one property
• Income Requirements – The more people in a house, the more income you can use
• Loan amounts are not limited, but there are caps on income
• Min 620 Fico Score
• No seasoning requirements for bankruptcies and foreclosures
• No Down Payment - Truly a 100% home loan
• No Expensive Mortgage Insurance – Keeps your monthly payment low
• No Cash Reserve Requirement
• No Minimum Credit History Requirement
• USDA 100% Financing is a top choice among First Time Home Buyers
• No Limitation to the purchase price
• May finance up to 102% of the appraised value
• Down Payment Assistance from non profits is acceptable
• Repairs may be financed up to 100% of the “as is” value
• No limits to the concessions the seller can make – seller paid closing costs
• Rates are typically lower than FHA Home Loans or Conventional Mortgages

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