Financing for Life Beyond the City
Living in a rural community offers space, privacy, and a different pace of life. Rural Home Loans are designed for borrowers whose primary income comes from non-farm employment and who want to purchase or refinance a home in an eligible rural area. Unlike agricultural lending, these loans focus on financing the home and property rather than a farming business. They’re also different from USDA loans, offering an alternative financing option for eligible rural properties. If you’re unsure which program is right for you, our team can help you compare your options.
Primary Residence Financing
Purchase, refinance, or complete permanent financing after construction for an owner-occupied home in an eligible rural area or community.
Rural Property Eligible
Designed for single-family homes located in rural areas or communities with fewer than 2,500 residents, typically on smaller acreage.
Flexible Financing
Fixed-rate financing with competitive loan options, seller contributions up to 5%, and financing available for eligible borrowers with as little as 5% down.
Rural Living Without Farming
Perfect for homeowners who enjoy country living but whose property does not generate agricultural income or operate as a farm.
frequently asked questions
While both loan programs are designed for rural properties, they serve different borrowers and have different qualification requirements.
USDA loans are government-backed mortgages that require the property to be located within an eligible USDA area and borrowers must meet household income limits. USDA loans also offer 100% financing but include upfront and annual guarantee fees.
Rural Home Loans are designed for borrowers purchasing homes in rural communities without USDA income restrictions. They can also offer greater flexibility for certain property types, acreage, and financing scenarios that may not qualify under USDA guidelines. An experienced loan officer can help determine which program is the best fit for your property and financial goals.
No. Rural Home Loans are designed for owner-occupied primary residences and cannot be used to finance investment properties or vacation homes.
Yes. Rural Home Loans may be used to refinance an existing mortgage or finance eligible improvements to your primary residence. Cash-out options are limited and must meet program guidelines.
A Rural Home Loan is designed for borrowers purchasing or refinancing a primary residence in an eligible rural area or small community. These loans are intended for homeowners whose primary income comes from non-farm employment and whose property is not used for agricultural production.
Qualified borrowers generally need a minimum credit score of 680 and must meet the program’s income, debt-to-income, and property eligibility guidelines. Your home must also be located in an eligible rural area or community.
Yes. Rural Home Loans are typically intended for properties with smaller acreage that are primarily residential in nature. If you’re purchasing a larger property with agricultural use, a Hobby Farm Loan may be a better fit.
