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Rural Development (USDA) Financing

Oklahoma has many growing communities with a bustling real estate market, where Rural Development Financing may be a great solution for you!


A USDA home loan is a zero-down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program.

USDA's mission is to help buyers with low and moderate-income families living in rural areas to make homeownership a reality. 


Who qualifies for Rural Development Financing?

  • A minimum credit score of 640 is required

  • Must occupy the home as their primary residence

  • Meet specific income requirements

  • Must purchase a property that meets all program criteria

  • Has not been suspended or debarred from participation in federal programs

  • Borrowers are required to finance Upfront Mortgage Insurance Premium (UFMIP), included in the monthly mortgage payments.


Rural Development loan requirements set by the U.S. Department of Agriculture include:

USDA specifies that funds backed by loan guarantees be used for:

  • New or existing residential property to be used as a permanent residence. Closing costs and reasonable/customary expenses associated with the purchase may be included in the transaction.


Contact your loan officer to see if you qualify for this or other Rural Development Financing!

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