Do you want to live in a quiet town where there is a little space between you and your neighbor? The U.S. Department of Agriculture Rural Development Guaranteed Housing Loan program (USDA RD) may be the perfect solution.
Many home buyers have never heard of the USDA RD program because so many lenders don’t offer the program. This program has served only a fraction of the U.S. home buying market because it’s not intended for big cities and other densely populated areas. But in NH, the program covers most of the state, except in a dozen or so larger cities and towns.
This is one of the best first-time home buyer programs ever, and possibly the best deal for you if you're buying a home in a rural or small-town setting.
There are some statements made about the USDA RD program that are not true
Myth: The income limits for an RD loan are very low.
Truth: The total household income limits cannot exceed the “moderate income established for the area,” but those limits often exceed $100,000 in New Hampshire. While income limits will vary by town, the base USDA income limits for a family of 1-4 are:
Myth: RD is very fussy about the condition of the home.
Truth: RD’s property standards are not meaningfully different from those of most other government loan programs. Still, RD does have a few peculiarities. For instance, the program will not finance luxury items like pools or spas.
Please contact Charley at (603) 471-9300 or send an email if you would like to learn more about RD Loans.
Your information will be kept completely private.
Charley Farley, NMLS ID: 93936. Corey Bowman, NMLS ID: 1071527. Branch NMLS ID: 184742. This is not an offer to lend or extend credit. Subject to underwriting approval. Terms and conditions may apply and are subject to change at any time. Dave Heeter and Keller Williams Metropolitan are not mortgage lenders. Please contact HarborOne Mortgage to learn more about your eligibility for its mortgage products.