USDA Rural Development is currently offering zero down payment option loans for single family housing in eligible rural areas.

Possible applicants are typically first-time home buyers or low to moderate income borrowers. Benefits to these loans include flexible credit, refinancing options, and a guaranteed underwriting system, which is a free online tool that allows lenders to make recommendations for loans in a short turn-around period.

Borrowers may apply through an approved lender and real estate agent of their choice. However, it’s important to note that should the property fall within an eligible area, home buyers’ income must not exceed the adjusted income limit in the area. More information is available at rdeligibility.usda.gov.