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Enjoy the Rural Life

The Guaranteed Rural Housing Loan Program (Section 502) may help.

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Find Your Home in the Country

Let us help you purchase a home in USDA-designated areas.

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Guaranteed Rural Housing Loan Program

Whether you’re dreaming of life on a secluded lot or simply a quiet neighborhood with extra space for the kids, the thought of rural life is shared by many homebuyers. The Guaranteed Rural Housing Loan Program (Section 502)1 helps people with qualifying income levels to purchase homes in USDA designated areas.

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    Benefits of a Rural Housing Loan

    • Low down payment
    • Fixed rate
    • Up to 100% financing
    • Low to moderate income requirements
    • Funds can be used to purchase a single-family home
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    Eligibility for a Rural Housing Loan

    This program is an option for those buying a home in a USDA designated area, including:

    • First-time homebuyers
    • Previous homeowners
    • Those unable to obtain adequate housing through conventional financing

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Looking for a mortgage in a rural area? Our expert mortgage lenders can review your options. Let’s find the mortgage that’s right for you!

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1 Subject to availability and additional qualifying requirements and restrictions. All loans are subject to credit review and approval. Property insurance required. Some restrictions may apply and program conditions subject to change without notice. Rates are subject to change daily. Contact an Old National Mortgage Lender for product details.