USDA/RD (Rural Development)
USDA/RD loans make owning a home more affordable for those looking to buy or refinance in eligible rural and suburban areas.
The USDA Rural Development (RD) program is designed for homebuyers with low-to-moderate income and savings, financing a home in a designated rural area. USDA/RD requires no down payment, allowing the borrower additional funds to pay for closing costs or prepaids in the mortgage. In some cases the seller can pay a portion of the sales price to cover closing costs. The USDA/RD loan can also be used to refinance an existing mortgage to a lower interest rate.*
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Find the best partnership for you:Work with an MFM Account Executive to customize a partnership model that fits your Credit Union’s level of experience and unique needs.
Roll out your new mortgage program:Work with our team to rollout your new mortgage application, develop new marketing materials and unveil your new mortgage program to members!