RURAL DEVELOPMENT LOAN

The Michigan Mortgage Rural Housing program is dedicated to the preservation of rural communities. We partner with Rural Development, a division of the U.S. Department of Agriculture, to help homebuyers throughout the state realize the American dream of home ownership.

Program Highlights

  • 0% down
  • Seller can pay all closing costs and pre-paids
  • Program includes income limits
  • Low mortgage insurance that decreases every year
  • Home must be in a Rural Development eligible area

This program, administered through the U.S. Department of Agriculture, features 102% financing for qualified, moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it’s ideal since no down payment and no funds are needed for closing.

Click here for more information about Rural Development eligible areas.

Image showing how to download the free eBook.
Image showing how to download the eBook.

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Michigan Mortgage is a division of Mortgage One, Inc. NMLS#129386