USDA Rural Development Loans logo

Rural Development Loan Advantages

  • Competitive Rates
  • No Down Payment Required
  • 30 Year Fixed Rate
  • 100% Loan to Value
  • Finance Closing Costs – if market value is sufficient
  • Unrestricted Gifts
  • No Maximum Loan Amount – based on repayment ability of applicant
  • No Reserve Requirement
  • High Earnings Potential

Designated rural areas include portions of:

Newport
Middletown
Portsmouth
Providence County
Fall River
Westerly
Hopkinton
New Shoreham (Block Island)

Check eligibility at:

https://eligibility.sc.egov.usda.gov
Click on “property eligibility”