rural loans | Kiamie Real Estate

Rural Loans in Oxford, MS

Rural loans are popular in Oxford, MS. Also called USDA loans, these rural loans are intended for one’s primary residence. They can offer zero down payment and low interest rates. Special note: Buyers are not allowed to use the rural loans in the acquisition of investment property.

In order to qualify for these rural loans, there are some few pre-qualifications that buyers must meet. For more information, follow this link to the USDA Income and Property Eligibility Site.

With the loan markets constantly changing, we strongly recommend speaking with a mortgage loan officer before starting your property search.

You can shop for loans at bankrate.com.

Other topics that you may want to check out are:

First time buyers

Home buyers

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Read more information about these loans in the posts below.

USDA/RHS Rural Home Development Loan

By Brian Carpenter|2020-02-19T10:58:01-06:00January 22nd, 2016|Lending|0 Comments

Rural home development loan options Rural locations have a lot of financing flexibility for qualified buyers. USDA/RHS Rural Development Home Loan can provide an a great alternative to a conventional mortgage loan. Provided by the U.S. Department of Agriculture (USDA), USDA loans are mortgages guaranteed by the federal government. In fact, the overwhelming majority of the U.S. is eligible for USDA financing. Nearly one third of Americans live close to a property qualified for this program. Furthermore, this program includes single-family housing, multi-family housing, and community facilities programs. Home buyers must qualify for the loan program However, [...]