Preserving Small Town Living with Rural Development Loans in Brighton, MI
The team at Concord Mortgage, Inc. is dedicated to helping families realize the American Dream through government backed mortgages
Home Purchase Loans with No Money Down
USDA Fixed Rate Guaranteed Rural Housing Loans
You can purchase your next home in a designated rural area with no money down with the Guaranteed Rural Housing Loan Program. These loans are eligible in a wide range of non-metropolitan statistical areas, including many suburbs. You can finance owner-occupied primary single family non-farm residences, FHA approved condos and PUDs. New construction properties are eligible as well. In some circumstances (for home purchases) you may be able to finance up to 100% of the market appraised value, including all recurring and non-recurring closing costs. There are no asset or reserve requirements and gift funds are allowed.
This unique loan program is offered through the Rural Housing Service, an agency of the U.S.
Department of Agriculture and designed to assist low- and moderate-income rural residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas. (For properties located in a designated rural area as determined by the U.S. Department of Agriculture: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do)
