Homestar Mortgage

Rural Development Loans

Rural Development Loan Advantages

  • Competitive Rates
  • No Down Payment Required
  • 30 Year Fixed Rate
  • 100% Loan to Value
  • Finance Closing Costs - if market value is sufficient
  • Unrestricted Gifts
  • No Maximum Loan Amount - based on repayment ability of applicant
  • No Reserve Requirement
  • High Earnings Potential

Designated rural areas include portions of:

Newport
Middletown
Portsmouth
Providence County
Fall River
Westerly
Hopkinton
New Shoreham (Block Island)

Check eligibility at:

http://eligibility.sc.egov.usda.gov
Click on "property eligibility"

USDA Rural Development

LICENSES: RI Broker #96000596LB - RI Lender #20031583LL
MA Broker/Lender #MC2340 - CT Correspondent Lender/Broker #12594
FL Correspondent Lender #CL0700894

220 Smith Street, Providence, RI 02908
1-888-744-3300 - MortgageProfessional@homestarmortgage.net
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