A USDA guarantee loan is a Government loan insured by the Government. These loans are available for low-and very low-income families to obtain home ownership. Applicants may obtain 100% financing to purchase a Manufactured Homes or purchase newly constructed dwellings located in the rural areas.

           Under the terms of the program, an individual or family may borrow up to 100% of the appraisal value of the home, which eliminates the need for a down payment. Since a common barrier to owning a home for many low-income families is the lack of funds to make a down payment, the availability of a USDA loan guarantee from HCFR makes the reality of owning a home available to a much larger percentage of American families.