USDA Rural Home Loans

A USDA Rural Home Loan is a mortgage loan offered to those wishing to purchase an eligible rural property. This loan requires no down payment and is offered by the United States Department of Agriculture through eligible lenders including Holyoke Credit Union.

Applicants must:

Meet income eligibility requirement
Occupy the dwelling as a primary residence – single family or condo
Be a U.S. Citizen, U.S. non-citizen national, or Qualified Alien
Have the legal capacity to incur the loan obligation
Have not been suspended or debarred from participation in federal programs
Be able to meet credit obligations on a timely basis
Purchase a property that meets all eligibility requirements

Best for people who:

Are considered low- and moderate-income
Do not have down payment funds: 100% financing and no reserves required
Have a credit score of 640 or above

Contact one of our Mortgage Specialists to find out more.