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We help rural borrowers afford homes of their dreams.
Rural housing loans are designed to assist borrowers outside of urban areas become homeowners. These loans offer a variety of unique and attractive features for qualifying borrowers.
Perfect for you if:
- You rent in a rural area but want to own your own home.
- You want to move to a rural area.
Loan Features
- First-time homebuyers and previous homeowners eligible.
Loan Benefits
- No down payment required.
- No Private Mortgage Insurance (PMI) required.
Considerations
- USDA loans have an up-front guarantee fee and annual fee. The up-front guarantee fee is equal to 1% of the loan amount and may be paid by the borrower, seller, or financed into the loan. The annual fee must be escrowed monthly and is assessed for the life of the loan.
- USDA home loans also have certain property and income restrictions.
- Cannot currently own another home at the time of closing.
Apply online today
Applying for a First Bank mortgage is fast, easy and secure. Before you begin, have the following information on hand.
Financial Information
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Income
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Your total assets
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Monthly expenses
Property Information
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Estimated purchase price and down payment amount (if buying)
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Estimated property value and loan amount (if refinancing)
Ready to get started?
Work with a local mortgage specialist
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Loans are subject to credit approval.