Program highlights:

• 100% LTV financing (no down payment required).
• Loan amount may include typical closing costs, up to 100% of the appraised value.
• Have a property needing repairs or renovations?  In these cases, the loan amount can be up to the appraiser’s determined market value of the property with all repairs completed.
• No limits on sales price or loan amount.
• Not limited to first time home buyers.
• Property types include Single Family Existing, New Construction, Condos, PUDS, Modular, and some Manufactured.

• With our Construction-to-Permanent financing option, which secures the property at closing, realtor commission is paid at closing (before a shovel even hits the dirt).
• With this financing option, the loan may include the lot purchase, reasonable construction and administrative costs, contingency reserves up to 10% of the cost of construction, inspection fees, landscaping costs, and other authorized items.

This program helps make homeownership a reality for applicants with low- and moderate-income households living in rural areas. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

 Eligible Rural Areas:

The below link to our eligibility page will assist you in determining if the location of any property is eligible and the income limits for the area.

https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.d

How a Buyer Can Apply:

Approved lenders for the Guaranteed program can be found at the following link:  USDA SFHGLP Active Lenders

Check out our Home Page to learn more about our program including requirements and how an applicant can apply.

 Let Us Know How We Can Help You Learn More:

We look forward to speaking with you about any questions you may have, or to schedule a virtual training session.  Feel free to reply to this email or call me at the number listed in my signature below to discuss our programs further.

 NOTE:  The Guaranteed program differs significantly from the Direct program.  Guidance on the Direct program can be found at:  https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-direct-home-loans