The U.S. Department of Agriculture offers a great program 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 and allows 6% seller assist toward closing cost -- Sometimes, you can even finance your closing cost!
NO down payment required
RHS loans can be used toward the purchase of a new home. Families must be able to pay their monthly mortgage, homeowner's insurance and property taxes.
