Rural Development Loans
HELPING LOW TO MODERATE-INCOME INDIVIDUALS LIVING IN SMALL TOWNS OR RURAL AREAS ACHIEVE HOMEOWNERSHIP
The U.S. Department of Agriculture offers a variety of programs to help low to moderate-income individuals living in small towns or rural areas achieve homeownership. The Rural Housing Service (RHS) helps qualifying applicants, who cannot receive credit from other sources, purchase modestly priced homes as their primary residence.
Rural Development Loans are an attractive option because:
- Minimal closing cost
- Low or no down payment
Rural Development loans can be used toward the purchase and renovation of a previously owned home or a new construction. Families must be able to pay their monthly mortgage, homeowner’s insurance and property taxes.
Find out if you qualify for a Rural Development Loan.
For more information, contact us at 406-294-7207 or info@divisionmortgagegroup.com
or visit us at our downtown Billings location at 1320 Division Street, Billings, MT 59101.
Need assistance or would you like to know what information you will need before applying? Click here to contact us.
These materials are not from HUD or FHA and were not approved by HUD or a government agency.