USDA Rural Development Loan

USDA Rural Development Loan - Minimum 0% Down

Looking for a way to buy your first home with no money down? Michigan Mortgage Solutions has the perfect solution – the USDA Rural Development Loan. This program offers low interest rates and low monthly mortgage insurance, making it easier than ever to own your own home. There are a few limiting restrictions for USDA Rural Development loans that you need to be aware of.

First, the program is based on the property being located in an area that is considered rural. In Michigan that means just outside any major city. There is an interactive map that allows you to enter an address to see if the property would be eligible. You can find that map by clicking the following link: USDA Eligibility MAP

The second restriction has to do with household income. The USDA has established income limits by county as well as number of members within the household. In order to qualify for the program, your household income cannot exceed these limits. The USDA Rural Development Loan income limits can be found by visiting the following link: USDA Income Eligibility

It’s also important to know that this program requires both an upfront mortgage insurance and a monthly mortgage insurance. The upfront mortgage insurance is one percent of the loan amount and it gets financed as part of the loan. The monthly mortgage insurance is 0.35% of the loan amount divided by twelve. The monthly mortgage insurance does not cancel and is paid until the loan is refinanced to a Conventional loan or paid off.

USDA Rural Development Loan Highlights

If the home you’re interested in is eligible for the USDA RD loan and your household income falls within the limit, this is a great opportunity for anyone who wants to become a homeowner. Give us a call today to learn more about the USDA Rural Development Loan – we can’t wait to help you take the next step in your life! Contact Michigan mortgage Solutions at 248-963-1894 or click the Purchase Button below to get your low rate USDA Rural Development Loan Today!

kate carr
kate carr
2022-07-19
Always great ive done several mortgages and refinancing here. Thanks for everything!
Jeremy
Jeremy
2022-06-20
I just want to say thank you to Jason Nolan. Who worked very hard to help me purchase my first home. I was doubtful at first being I was only 19 at the time, didn't think it would be possible to get such a great loan with a great interest rate. But Jason worked his magic and we could not be happier.i would recommend him to anyone looking to buy a home. Thanks again
Melissa Johnson
Melissa Johnson
2022-06-14
Jason and Trevor were amazing to work with. I was a first time home buyer and Jason was so informative and kept me in the loop every step of the way. He was always accessible and would even answer his phone late in the evenings and on weekends. They made sure to get me a good rate and we closed right on time. Thanks guys for all the hard work!
Jessica Miller
Jessica Miller
2022-06-06
Trevor was great and went above and beyond our expectations while processing our VA loan. He was quick to respond to our questions and we would HIGHLY recommend him and his company for your mortgage needs.
Jacob Pincura
Jacob Pincura
2022-04-20
Jason and his team were very professional and thorough during the entire refinance process. We received great advice on how to proceed and their expertise resulted in the best possible outcome.
John Ruf
John Ruf
2022-04-11
Wonderful experience with Jason Nolan and his team! They communicated with me throughout the process and was very helpful with any questions that I had. I'll definitely go with Michigan Mortgage Solutions for my next mortgage or refinance.
Alex Garcia
Alex Garcia
2022-01-22
Jason and Trevor were great, really enjoyed working with them. They definitely get the job done, couldn’t ask for a better team highly recommended.
Jennifer Trione
Jennifer Trione
2022-01-17
Jason and his team were incredible!!! He made sure I knew exactly what was going on at all steps of the mortgage process. I am so glad that they were my mortgage company because I don’t think anyone else would have gone above beyond like they did for me!! I can’t say it enough! The whole process was fantastic and I wouldn’t go anywhere else!!!!!!
Michigan Mortgage Solutions

Michigan Mortgage Solutions

Michigan Mortgage Solutions offers a variety of mortgage programs to suit your needs. FHA Loans, Conventional Loans and VA loans are just some examples. For experienced homeowners looking for cash out or refinancing options there is help available as well with the offer of an FHA streamline loan option that can be completed in 10 days! Michigan Mortgage Solution has something to offer every customer; whether you’re a first time home buyer or seasoned veteran our team will find the right Michigan mortgage solution for you!

Home Loans Services

Call Us