USDA Rural Development Loan is a government program that aims for individuals to acquire a house in the eligible rural locations all over the US. It specifically caters to disabled, elderly, and low-income earners to be eligible to the loan.

Here at AmeriSouth, we support the government in their cause to assist people to buy their own home in places like North and South Carolina, Tennessee, and Georgia. Our USDA Loans Rural in NC offered no down payment to successful applicants.

Basic Requirements of USDA RD

The applicant should be a US Citizen, if non-citizen, you should be a legal resident of the country.

Maintaining a good credit rating history is important. For anyone who wishes to get a house loan or USDA Loans Rural in NC, a good credit rating of 640 is necessary. Having a credit score of 640 and above implies a good credit standing. Other than that, one can still try to apply but may need another supporting document to prove the eligibility.

Another consideration is the location of the house. Check the eligibility of the location if it falls under the USDA and your preferred lender. Our company has several perfect locations in North Carolina to offer to all aspiring borrowers.

• The population is required to be under 10,000 to be considered a rural area.
  
  
• If the population is 20,000, it should be not located at MSA or metropolitan statistical area. The resident families are from the low to moderate income with no serious lack of mortgage loan.
  
  
• For the classified rural areas that lost their description in Census in 1990, 2000 and 2010 but the population remains under 35,000 it still is considered a rural place. The resident families are from the low to moderate income without any serious mortgage loan.

Income is part of the eligibility too. Will you fall under the low-income family or the moderate-income family? The amount varies depending on the state where you will purchase the house, the number of family members that will move in, and the type of the home you will purchase.

The house will be your primary home too. If there is a chance that you already have an existing home but is eligible to get an RD loan, you need to prove that you will make that house your primary residence.

Why Choose an RD Loan?

As mentioned above, AmeriSouth offers a zero percent down payment to help the individuals purchase their own house. Any interested applicant can contact us for further details about our company’s basic eligibility.

We offer very low monthly amortization to help each family keep up with the expenses. Also, we have loan duration that is very realistic to all borrowers. The successful applicants can either choose 15 years or 30 years loan term.

Lastly, our agents will work with every applicant step by step to personally guide them through the process. We aim to help everyone fulfill their dream of having his or her own house.