Rural Development Loans have many advantages including competitive rates, reduced or no down payment, 3o year fixed rates, 100% loan to value, unrestricted gifts, no Max loan amount, and high earnings potential, among others.
Rural areas often qualify for special, favorable financing, for residential and business properties. RI rural areas that qualify include regions in:
- Newport
- Middletown
- Portsmouth
- Providence County
- Fall River
- Westerly
- Hopkinton
- Block Island
Check your eligibility at: eligibility.sc.egov.usda.gov
Click on “property eligibility”