USDA Rural Development

Hallmark Home Mortgage and USDA Rural Development have teamed up to provide 100% financing and the opportunity to purchase adequate, modest, decent, safe, and sanitary homes in rural areas to individuals and families. What’s more, it can be used to purchase existing homes, new construction, or foreclosures.

Benefits:

Low monthly mortgage insurance
Income limits apply
Primary residence only
Flexible credit and qualifying guidelines
Property must be in USDA eligible area
Closing costs can be gifted
No money down

USDA Construction Loan

Hallmark Home Mortgage and USDA Rural Development have teamed up to provide 100% financing and the opportunity for individuals and families to build a home in rural areas. New construction loans can be very complex, so we handle each step of the loan process, allowing you to focus on your home, not your mortgage.

Benefits:

Interest only payments during construction (up to 9 months)
Two-time close construction-to-permanent-loan
USDA financing when home is complete
Up to 12-months construction term
Low monthly mortgage insurance
County income limits apply
Property must be in USDA eligible area
Closing costs can be gifted
No money down