Rural Development Loans Michigan, USDA Rural Development Michigan

Michigan Rural Development Loans

Rural Development loans allow first time home buyers or previous home owners to purchase their new home with 0% down payment and allows the seller to pay up to 6% of the sale price towards your closing costs keeping your out of pocket expenses low!

Rural Development Loan Features


General Requirements

  • Credit score minimum of 640.

  • No previous mortgage loan late payment in the past 24 months.

  • No foreclosure/short sales within the past 36 months.  Must have rebuilt credit.

  • No bankruptcies in the past 24 months.  Must have rebuilt credit.

  • All court ordered judgments MUST be satisfied or have a satisfactory payment history for a minimum of 3 months.