Guaranteed Rural Housing (GRH) is a government insured single-family home loan program for low to moderate income borrowers purchasing homes in rural areas
Please visit http://eligibility.sc.egov.usda.gov for more information and eligibility requirements
Minimum 600 credit score
Seller Contributions Max 6% seller contribution allowed
No Private Mortgage Insurance required. Upfront USDA Guarantee Fee of 2% can be financed into the loan amount for Purchase transactions and 0.5% for R/T Refinances
No cash reserves required
No minimum contribution from the borrower’s own funds required
Occupancy Type Primary Residences (1 Unit)
Purchases and Guaranteed Rural Housing Rate/Term Refinances
Max Loan Amount $417,000
Max Financing Amount (LTV) 100% Appraised LTV
Interest-Only Option Not Available
Loan Terms 30 Years
Eligible Property Types 1 Unit SFDs, Warrantable Condos, PUDs, Townhomes and Modular Homes
