What are RD loans?

USDA Rural Development loans that offer 100% financing with 0 down payment. These loans are available in smaller towns or rural type areas.Justin515-225-3100 ext 109Justin@iowamortgagepro.com

Some suburban areas on the outskirts of major cities are approved for USDA loans, also.

Rural Development - or USDA Rural Development. They are a good option for many borrowers - 100% financing, NO down payment, flexible underwriting guidelines and the monthly payment is lower than compared to FHA or Conventional loans (that have PMI). Right now because of the government shutdown, all the USDA offices are CLOSED - even their websites are shut down right now.

Rural Development Administration, part of the Dept. of Agriculture. These loans are only available to qualified borrowers in primarily rural and outlying rural areas.

- too quick on the sent button, meant to say "outlying suburban areas" designated by USDA as eligible. They are not for farms, just homes in predominantly rural locations.

RD loans, also known as USDA Rural Development, or Rural Housing loans, are awesome zero down payment loans for qualified people wishing to buy a home in rural areas of the country. Pretty much anything outside of major metropolitan areas qualifies. In Minnesota and Wisconsin, visit www.MortgagesUnlimited.biz/USDA for more info