USDA Loan Programs

USDA Rural Development

Hallmark Home Mortgage and USDA Rural Development have teamed up to provide 100% financing and the opportunity to purchase adequate, modest, decent, safe, and sanitary homes in rural areas to individuals and families. What’s more, it can be used to purchase existing homes new construction, or foreclosures.

Benefits:
  • Low monthly mortgage insurance
  • Income limits apply
  • Primary residence only
  • Flexible credit and qualifying guidelines
  • Property must be in USDA eligible area
  • Closing costs can be gifted

640

minimum credit score

100%

financing

0

down payment required

USDA Construction Loan

Hallmark Home Mortgage and USDA Rural Development have teamed up to provide 100% financing and the opportunity for individuals and families to build a home in rural areas. New construction loans can be very complex, so we handle each step of the loan process, allowing you to focus on your home, not your mortgage.

Benefits:
  • Interest only payments during construction (up to 9 months)
  • USDA financing when home is complete
  • Two-time close construction-to-permanent-loan
  • Low monthly mortgage insurance
  • County income limits apply
  • Property must be in USDA eligible area
  • Closing costs can be gifted

700

minimum credit score

100%

financing

0

down payment required

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