USDA Loans

A Rural Development loan that is similar to an FHA loan provided by the US Department of Agriculture (USDA).

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What are USDA Loans?

The US Department of Agriculture (USDA) offers a Rural Development loan that is similar to an FHA loan. The loan is guaranteed by USDA, so the lenders can offer more favorable terms. USDA loans do not have a down payment requirement, and will loan up to 102% of the home’s value. USDA’s Rural Development’s mission is to improve the quality of life in rural communities by providing loans for housing and community facilities. As such, to qualify for a USDA loan the home must be located within the boundary area of a rural community as defined by USDA.

To find out if your property is located within a rural community boundary area, click below:

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The two main attractions to the USDA Rural Development loan are the fact that it is a zero down payment loan, and the mortgage insurance requirements are lower than the FHA loan. USDA does have limitations on the amount of household income you can have.

If you would like more information on USDA Rural Development loans, click below

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We Are CountryPlace Mortgage

CountryPlace Mortgage is the nation's premier lender for manufactured, modular, and mobile homes. We offer a one-time close construction loan for new homes. We make financing or refinancing your home simple and easy. If you own a manufactured or mobile home, or are thinking about purchasing a new or existing home, Countryplace Mortgage should be your lender of choice. We can finance your manufactured or mobile home whether it's tied to the land or in a mobile home park.

Founded in 1995, Countryplace Mortgage is a direct lender with both Fannie Mae and FHA. That means that we can offer you the most competitive rates, with down payments as low as 3.5%. When financing a manufactured, mobile, or modular home, it is important that you are working with a mortgage professional that understands these unique properties. Whether it's a chattel (home-only), land/home package, or construction loan we have the expertise to help you navigate today's challenging mortgage process. Many of our Loan Officers have several years experience originating manufactured and mobile home loans.