Rural Development (RD) Loan Programs:

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.

Persons interested in Rural Development financing must find a home in a qualifying rural location.  We can locate an address for you to see whether the property lies in a qualifying area.  However, in our local market, all of SE Kansas qualifies, as well as the communities of Neosho, Carthage, Monett, Aurora and some areas in Webb City and Carl Junction. 

Income limitations apply to RD financing.  A family of four should not have annual income exceeding $73,600.  A family of five to eight should not exceed annual income of $97,150.

Find out if you qualify for an RHS Loan-call us. 

Apply Now

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