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.
- RHS Loans are an attractive option because:
- Minimal closing cost
- Low or no down payment
RHS 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.
Qualifying for a USDA Mortgage is not as hard as it may seem and many areas in Utah are eligilble for this product. There is currently no better 100% Mortgage that the USDA Mortgage as it has very competive rates and closing costs.
To see if your area is eligible for this 100% No Downpayment Mortgage please visit the