USDA Rural Housing Program

WHAT IS THE USDA RURAL HOUSING PROGRAM?

USDA

The purpose of this program is primarily used to help low-income individuals or households purchase homes in rural areas.

USDA Rural Housing Program offers the following important features:
• 100% financing available
• 6% seller concessions allowed
• No monthly mortgage insurance required
• No maximum loan limits
• 30-year fixed-rate mortgages
• Must be in non-metropolitan areas
• Single family/owner occupied homes
• No minimum credit score guidelines
• If appraised value is above the sales price you can use the difference for concessions, repairs, etc.

Stepping Stone Mortgage, Inc. is a qualified mortgage lender with all loan officers and processing staff trained to handle your inquiries. Our dedicated staff will help you through the loan process in a very efficient manner for you to purchase or refinance your home.

For additional information please click on the link below.
http://www.rurdev.usda.gov/or

For property eligibility please click the link below.
http://eligibility.sc.egov.usda.gov

Stepping Stone Mortgage - 272 West 11th Ave. - Eugene, OR 97401
Office Phone: (541) 683-3300 Fax: (541) 683-8364

We lend in the following states: OR

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