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United States Department of Agriculture Rural Development Loan

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A mortgage loan/grant program established by the United States Department of Agriculture to help low income people and their families obtain home financing.  The Rural Housing program is dedicated to the preservation of rural communities. We partner with Rural Development, a division of the US Department of Agriculture, to help home buyers throughout the state realize the American dream of home ownership. This program, administered through the US Department of Agriculture. 




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USDA Loan Program Description

Below is a brief description of this USDA Rural Development program. For more information contact me at 586-612-5001 or submit your question by email.
Program features 102% financing for qualified moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it's ideal since no down payment and no funds are needed for closing. 

  • One of the only 102% LTV programs around. 
  • No down payment required
  • No Funds required for Closing Cost
  • Loan amounts up to $650,000
  • Fairly reasonable underwriting guidelines
  • Must be owner occupied


Link to the USDA property and income eligibility Site.

Interesting Links

School District Rating Site

Michigan Real Property Tax Site

First Time Home Buyer Tax Credit

Michigan Association of Realtors (MAR)

100 Questions and Answers from HUD

Michigan Mortgage Lenders Association

Home Tips


Ask Rocky for a Free Quote...

Raquel “Rocky” Moore
NMLS Mortgage License #138789
email: Raquel

Mortgage 1 Inc.
45816 Schoenherr Road
Shelby Township, MI 48315
Phone 586.612.5001
Fax 586.677.3898


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Confidence!

Whether you are looking to buy, refinance or receive equity from you home, my team has the perfect mortgage loan for any stage of your life. We are mortgage experts and work to understand your unique financial goals and help you make an informed decision about choosing a mortgage that fits your lifestyle. My mission is to carefully guide you through the entire mortgage loan process,  so that you feel confident as you make choices about the many options available for your financing strategy.

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At Mortgage 1 Inc., my focus is on getting you the right loan and the right terms to fit your situation. A mortgage is a big commitment and you need an experienced professional guiding you through the process, answering your questions so that you’ll know with confidence that you made the right choice. Call Me, I will Listen...586-612-5001.