Sun American Mortgage | Richfield, Utah

Rural USDA Loans

Rural USDA Loans

The Rural housing program is a $0 down loan with lower rates, and easy to qualify for. USDA is a program regulated by the federal government which aims to help lower population towns and counties by giving better options when home buyers are buying or refinancing their home. Not all banks offer USDA Rural housing loans, but Sun American Mortgage does. You might be eligible for a USDA loan if you are in a rural area. Other factors to qualify are household size, and income requirements.

The team at Sun American Mortgage can help you see if you might qualify for a Rural housing loan. If you are interested in taking advantage of these great benefits call one of our licensed loan officers at 435.201.6150. The USDA loan requires no money down, you can include your closing costs in the loan, and offers flexible credit standards

Why choose a Rural Housing USDA Loan?

  • Zero down loan
  • Affordable monthly mortgage insurance (MI)
  • Lower closing costs
  • 30-year fixed rate loans only
  • Properties that are located in rural areas
  • Flexible qualification guidelines
  • Can finance up to 103.5% of the appraised value
  • Low monthly mortgage insurance and requires up-front guarantee premium
  • Maximum income limits vary by county

*Loan terms and limits subject to change. This page is meant for educational purposes and is not a commitment to lend.

Why We Chose a Rural Housing USDA Loan

When my wife and I decided to move to Utah, I started my home search online. I found the Staples Group on Facebook and after reading all of their positive reviews I decided to call them. I knew I made the right choice after our very first meeting. Becky took things very slowly and explained all of our options to us. I decided to go with the USDA Rural housing loan because of the low mortgage insurance and the ability to put zero money down.  We ended up building a home and are really happy how it turned out. We were also pleasantly surprised when they found us a grant for $2,000 from our city! They are my lenders for life!

-The Rogers Family


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