About

USDA Rural Development Loans:

Guaranteed by the USDA, Rural Development loans are a special zero down payment mortgage loan for eligible candidates. Designed for low to moderate income people to buy, repair or renovate a home in a rural or suburban areas. 100% financing with no down payment and below average mortgage rates.

All USDA loans offer low effective interest rates, some as low as 1 percent, and don’t require a cash down payment. To qualify you must have a decent credit history, and not all properties qualify for USDA loans. Your household must have an income below 80% of the median income for the area; be without adequate housing; you must be able to afford your mortgage payments, taxes and insurance for the property, and be unable to get credit through another lender.

Give us a call today to see if you are qualified for a rural development loan!

918-495-3773

Am I Eligible?

The property to be purchased must meet specific guidelines to qualify for a RD mortgage:

USDA Home Loans are intended for families interested in purchasing single family, stick built homes. Investment properties, homes that are considered income producing properties, and mobile homes are not eligible for USDA financing. A USDA loan is a perfect loan for a home that is considered ‘move in ready’ and not in need of major repairs.

The other factor to determine eligibility would be the location of the home. USDA Home Loans are available to people who live in rural and suburban communities. Generally speaking, Rural Development defines a rural area as a city, or community of residence USDA has set household income limits that need to be checked to determine eligibility. To view a detailed list of each state with county limits visit our USDA Home Loan information by state page.

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Rural Development

news & info

  • Special Procedure Notice from USDA sets Higher Income Limits for Oklahoma USDA Borrowers 06/08/2022

    The USDA Rural Development income limits for all of Oklahoma have been increased to $103,500 for a 1-4 person household and $136,600 for 5+ household. This is an all-time high which will allow much higher purchase prices for those using the program to purchase a home with ... READ MORE

  • USDA Rural Development Fiscal Year 2022 SFH Guaranteed Funds Now Available! 10/14/2021

    Fiscal Year 2022 funding for the USDA Rural Development’s Single-Family Housing Guaranteed Loan Program is now available. Oklahoma borrowers can continue to take advantage of no down payment financing on homes located in USDA Rural Development areas. Click here to ... READ MORE
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