Interstate assists borrowers in rural areas with the USDA or rural development loan program. The USDA loan provides low and moderate income borrowers with better affordable housing finance options with little or no down payment or out of pocket costs. The property must be located within a USDA designated area.
• 100% financing available to qualified borrowers.
• Seller can contribute up to 6% of the borrower’s closing costs.
• Flexible mortgage guidelines.
• Income and property restrictions do apply.