USDA Loan Programs
USDA loans are backed by the U.S. Department of Agriculture (USDA) Rural Development division and are offered to borrowers with moderate and lower incomes (income cannot exceed 115% of the median household income for the area). AFN offers USDA programs that allow eligible applicants to build, improve, purchase, rehabilitate, or relocate a dwelling in an eligible rural area. Many USDA programs have 0% down payment required, and gift funds from family members are allowed to help with closing costs. There is no USDA-imposed loan limit (credit score, income, and other factors are used to determine eligibility and qualifying loan amount).