Affordable housing loan options for those living in designated rural areas. Enjoy benefits like longer terms and no down payment requirements.
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Looking to purchase a home with no money down? If you meet certain income guidelines and are eying a property in a Rural Housing zone, you may be eligible for a United States Department of Agriculture (USDA) loan. The USDA Rural Housing Program also finances 102% to help pay closing costs. And there's no obligation to buy private mortgage insurance (PMI). Talk to a State Bank lender if this sounds right for you.
- Homes must be located in rural areas
- Must be within household income limits
- No down payment
- Loans available up to 102% of appraised value or sale price
- Fixed rate mortgages
- Experienced lenders
- Personalized, dedicated service
Learn more about income limits and rural housing qualifications.