When an individual or family is seeking a USDA Home Loan, the property must be used as the primary residence.
A Rural Development Loan may be used in the purchasing of:
- Planned unit developments
- Manufactured homes
- Single family residences
Other Factors to Consider When Seeking a USDA Home Loan
Both new and existing homes are eligible. In addition, there is no restriction placed on the design, size or layout of the home. The prospective property, however, must be declared as safe, sound and sanitary, meeting all the necessary building requirements in the area.
To find out if you qualify for a no-money down USDA Loan, contact the experts at the USDA Loan Agency today!