The Guaranteed Rural Housing (GRH) Loan Program has fixed-rate AND fixed-term mortgage financing guaranteed by the U.S. government. It offers favorable loan terms to give low-income borrowers the ability to purchase homes in rural areas.
Features & Benefits:
ZERO down payment required
Available to First-Time Homebuyers
Loan amounts from $50,000 to $726,200
100% Financing
FICOs from 640
Guarantee Fee can be financed
Seller can pay Closing Costs
Closing Costs may be financed
Flexible credit standards
Reserves NOT required
No limitation on Seller contributions
Available for purchase or refinance
Less cash is required upfront than in other programs