Rhode IslandWelcome all residents of Rhode Island!

If owning your own home seems difficult and out of reach for you, then we have some excellent news to share with you. USDA or United States Department of Agriculture has come up with an attractive rural housing development plan called USDA Mortgages in Rhode Island. If you are a residRhode Islandent of Kent, Newport, Providence, Washington counties in Rhode Island then you stand an excellent chance to get befitted from USDA mortgages in Rhode Island program.

Below are some the inherent advantages of USDA Mortgage in Rhode Island:

  • 100% Finance Scheme available
  • Loan approval despite bad credit history
  • No collateral or security required for loan
  • Loan can be used buy a new home or repair/renovate existing home or even relocate to a new home
  • Zero down payment required
  • Fixed interest rate for the loan tenure
  • Fully authorized and legal mortgage program from US Government

USDA Mortgages in Rhode Island – Income Limits

USDA and US Government have designed this special mortgage scheme to help those families which have a dream of owning their own home, but cannot afford right now. Hence, it wants to filter out those families which are affluent and can finance their own home. In order to make this rural housing scheme exclusive, USDA has come out with income limits. Hence, in order to get approved for this loan, the annual income of the household should fall between this prescribed income limit.

For instance, for a 4 member family residing in Providence County, the yearly annual income should fall between $37800 and $86950 for successfully getting approved of guaranteed housing development program. Please refer to the official website of USDA to get the complete information for income limit, by clicking here: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedIncomeLimits&NavKey=incomelimit@12

USDA Mortgages in Rhode Island – Non Eligible Counties

US Government and USDA have declared some counties as non-eligible for this special rural housing development program. Below is the county which is non-eligible in Rhode Island:

  • Bristol

We would appreciate if you can find out the complete list of all eligible as well as non-eligible counties in Rhode Island by visiting the official website of USDA at: http://eligibility.sc.egov.usda.gov/eligibility/textDiscriptionAction.do?pageAction=oipCounty&stateCode=44

Don’t wait! The more you delay for applying for this attractive and assured housing development program, the more it will become hard for you. Secure your own home, at your own conditions. For USDA mortgages in Rhode Island, you can start right away by filling this short form in the right hand side of this webpage and/or by calling us at 877-342-7449 .