Single Family Housing Direct Home Loans - USDA Rural Development
: For veterans, active-duty service members, and eligible surviving spouses, this program offers zero down payment and no private mortgage insurance (PMI).
Beyond standard loans, these initiatives provide direct financial aid or alternative paths to ownership.
: This is one of the most popular options for low-to-moderate income buyers. It allows for down payments as low as 3.5% and has more flexible credit score requirements than traditional mortgages.
: Specifically for "low and very-low-income" families in eligible rural areas. This program can provide 100% financing (no money down) and may offer payment assistance that reduces the mortgage interest rate to as low as 1% .