• To see if your market area falls in a designated Rural area, visit:http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
• Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the area median income
• Owner-occupied single family non-farm residences, approved condos and PUDs
• New construction properties are eligible
• Home buyers can finance up to 100% of the market appraised value, including all recurring and non-recurring closing costs, in some circumstances Loan amounts as high as $417,000 in the continental U.S. Higher in Alaska and Hawaii.
• No foreclosures in last 3 years. Can be a previous homeowner
• No bankruptcies in last 3 years for A chapter 7. Chapter 13 are usually okay with 12 months history.
• Credit scores as low as 620 No asset or reserve requirements. Gift funds are allowed

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