USDA Single Family Housing Loan

USDA Single Family Housing Loan


The US Department of Agriculture, through its Rural Development program, offers a Guaranteed Rural Housing loan.  This is a 30-year fixed rate mortgage with no prepayment penalty and no balloon.


  • Down Payment - $0 down purchase mortgage (funds may be required for a streamline refinance)
  • Loan Specific Fees - 1% up-front guarantee fee (financed) & 0.35 annual fee (included in payment).
  • Income Limit - maximum allowable household income set by USDA found at: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
  • Location Restrictions - only property located in acceptable rural location confirmed at https://eligibility.sc.egov.usda.gov
  • Minimum Credit Score - 620
  • Up-Front Fees - $500 Appraisal Fee


Fairway is not affiliated with any government agencies. These materials are not from USDA, HUD or FHA, and were not approved by HUD or a government agency.

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