Carroll Bank and Trust Home Buyers Guide

The USDA Rural Development Guaranteed Loan is a mortgage loan backed by the U.S. Department of Agriculture. This lending program allows low- and moderate-income buyers the opportunity to own a good home in eligible rural areas with 100% funding.

IN ORDER TO APPLY FOR A USDA RURAL DEVELOPMENT GUARANTEED LOAN, YOU MUST:

◌ Meet income-eligibility (cannot exceed 115% of median household income)

◌ Agree to personally occupy the dwelling as your primary residence

◌ Be a U.S. citizen, U.S. non-citizen national or qualified alien

◌ Be purchasing a home in an eligible rural area

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