The USDA provides home loans to buyers in rural areas. Eligibility is based on the property address.
The USDA home loan program can be used to buy, build or renovate a home, and 100% financing is available. The borrower must be credit worthy and meet income restrictions based on the county where the property is located. The applicant can have an income up to 115% of the median in that county. Financing is available for single-family and multi-family properties. Funds cannot be used to purchase investment property, and the final determination of property eligibility is made after receipt of a completed application.