There are 2 mortgage programs supplied by the brand new USDA: the new Unmarried-Friends Guaranteed Loan Program (SFGLP) together with Unmarried-Family Houses Head Mortgage (SFHDHL). New SFGLP is out there by the USDA-accepted loan providers, since the USDA Head Mortgage program is offered privately from the rural advancement workplace.
If you are not entitled to Virtual assistant otherwise USDA zero-off money plus don’t have the money to possess a down-payment otherwise settlement costs, a down-payment direction (DPA) mortgage is your next best choice.