There are two types of direct USDA loans: 502 and 504 loans. A 502 loan is used to purchase an existing home, and a 504 loan allows the borrower to make updates or improvements on a home.

Two types of home loans are available through Rural Development: direct home ownership loans and guaranteed home ownership loans. “With a Direct Loan 502, the applicant applies directly to the USDA.

Step 3 – Find a home: Search for a property that meets USDA loan guidelines and that is located in an eligible rural or suburban area. Step 4 – Apply: Complete the formal application via your ...

In fact, only 118,000 home buyers used a USDA loan in 2022, accounting for a very small portion of the over 16 million loans issued that year. Still, if you qualify, there are notable benefits to ...

Her dream home sat abandoned for more than a decade. USDA guidance says the agency should ... system against properties purchased with a rural development mortgage, also known as a Section 502 direct ...

The U.S. Department of Agriculture Rural Development is offering 4.25 percent interest rates in its Section 502 Direct Home Loan Program. Under the program, families and individuals may receive a ...

USDA rural home loans (often called USDA Rural Development loans) remain fully available in 2025 for Maryland homebuyers. These mortgages offer 100% financing (no down payment) with competitive ...

USDA construction loans can be a great option if you’re planning to build in a rural area, but they won’t suit everyone. Consider the pros and cons as you’re comparing borrowing options.

RANLife has since been focusing on offering other creative solutions to combat this issue with USDA Rural Housing Loans. One way they do this is by looking for a different loan program that will ...

With continued demand for quality housing in rural communities, the USDA RD 538 Loan Program offers a critical financing solution for developers — and CSG stands ready to deliver. CSG has been a ...

USDA Rural Development home loans offer zero-down financing with competitive interest rates for eligible buyers in rural areas. Below, we detail Maryland’s 2025 income limits, eligible areas, and the ...