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Rural Development (USDA) Financing

Explore Rural Development Financing for Your Oklahoma Home

As Oklahoma experiences growth in various communities with a vibrant real estate market, Rural Development Financing could be an excellent solution for you!

A USDA home loan, part of the USDA Rural Development Guaranteed Housing Loan Program, offers a zero-down payment mortgage for eligible rural and suburban homebuyers. The USDA's mission is to assist low and moderate-income families in rural areas, turning homeownership into 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.

  • 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 monthly mortgage payments.

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

  • Funds backed by loan guarantees can 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 determine if you qualify for Rural Development Financing or explore other financing options!

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