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Rural Development Loans

Rural Development (formerly Farmers Home Administration) is another government entity. In contrast to FHA and VA, however, Rural Development does loan money directly to borrowers, in addition to guaranteeing loans made by eligible mortgage lenders. Their loans are available in communities with populations of 20,000 or fewer people. Rural Development has a variety of different loan types including rehabilitation loans, leverage loans, and guaranteed loans.

Rural Development loans typically:

  • Target low- to very low-income families
  • Subsidize interest rates to in order to qualify these families for mortgages

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Tools & Resources

Homebuyer Stories

Andrea Pollock in her kitchen.

First-Time Homeowner Spotlight:  Andrea Pollock

 Calm. Ease. Relief. These are the things Andrea Pollock brings to people every day in her work as a massage therapist. And that, she says, is what becoming a homeowner did for her. read more >
Rhonda with her daughter.

First-Time Homeowner Spotlight: Rhonda Diaz

 Sometimes, homeownership is about the little things. For new homeowner Rhonda Kay Diaz of Las Cruces, the little things include the ice machine in her new refrigerator and cooking on a gas stove. read more >
Cheryle with her 3 children at her new home.

First-Time Homeowner Spotlight: Cheryle Anderson

 Cheryle Anderson purchased her first home in honor of her late mother. read more >
Joanne (left) with her family.

First-Time Homeowner Spotlight: Joanne Smith

 Last year, Fruitland resident Joanne Smith fulfilled her dream of homeownership. read more >
Anna Castillo and Family

First-Time Homeowner Spotlight: Anna Castillo

 The Castillos were looking to buy a home when the coronavirus pandemic hit. read more >
Christina Rico in her kitchen.

First-Time Homeowner Spotlight: Christina Rico

 Christina Rico can’t wait for Christmas. She is excited because she gets to decide exactly how she wants to decorate her new home this year. read more >
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