Do You Qualify for USDA Rural Development Programs?

USDA Rural Development partnered with lots of local lenders to help them offer 100% financing opportunities to rural individuals and families looking to purchase a new home. If you’re looking for aVirginia homes builder, 15 out of 35 Main Street Homes communities are eligible for USDA Financing. Although not everyone can qualify for it, for people who can, it’s a great option to help you into homeownership quickly.

Usually, homeowners are required to pay 10 percentof the home’s value as a down payment, and then pay a monthly fixed mortgage until the home is fully paid off. One of the chief benefits of a USDA loan is that no down payment is required on your home purchase from your Virginia homes builder. With the help of USDA Rural Development financing, home ownership is still readily accessible. You can also apply with any local participating lender you prefer.

The home you purchase with the help of the USDA Financing must be your primary place of residence, and you must be a U.S. citizen, U.S. non-citizen national, or a qualified alien to be considered. As with any loan opportunity, you must provide proof of a stable and dependable income for repayment and pass a credit check. Your adjusted household income must meet rural Development guidelines based on the number of people who will live in your home, and the home you purchase must be in a Rural Development eligible area. 

Contact Main Street Homes today to learn more about building your new home near Richmond, VA.Stop by the Sales Center for the Design Studio for more information about our spacious floorplans and design options. While you are there, be sure to ask your New Home Consultant if the community you are interested in is eligible for USDA Rural Development financing options.


Criteria for loan program qualification and interest rates on loan programs will vary based on credit criteria, final amount of down payment, and are subject to current market pricing. APR may vary depending on rate and final loan program.  Certain restrictions may apply.

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