Q: Are Rural Development Loans only available in rural areas?
A:While areas that qualify for USDA loans are typically defined as “Rural,” many smaller communities that lie just outside major metropolitan areas do qualify. Many times the population is limited to rural areas of 10,000 residents or less. However, under certain conditions, a town or city that has between 10,000 and 25,000 residents may qualify for a USDA loan.
Check with a certified USDA Loan Representative to see if your area qualifies.
Other USDA Loan Requirements include:
Never assume that you or your area does not qualify for a USDA Home Loan. Instead, contact the experts at the USDA Loan Agency. Our certified loan agents will quickly identify your needs, and offer you the type of expert advice you deserve.