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USDA/Guaranteed Rural Housing Loans Mortgages

Living in rural communities has many benefits

The GRH (Guaranteed Rural Housing) Loan Program is designed to serve rural residents who have a steady, low, or modest income and yet are unable to obtain adequate housing through conventional financing.1

  • 0% down for anyone within income guidelines.
  • Finance up to 100% of the purchase price 
  • FICO scores of 620 or more are eligible
  • Income and property location limits apply
  • Closing costs can be included in the loan if the appraisal supports the additional value
  • Annual fee paid monthly with an upfront guaranteed fee, which can be financed into the loan
  • Bankruptcy discharged for at least 3 years

Learn more about our mortgages

First State Bank offers many mortgage programs for which you may be eligible.

1All loans subject to credit approval. Your rate may be dependent on your credit score, loan amount, loan to value and debt ratio. For example, a purchase price of $100,000 with 3% down, loan amount of $97,000 at 5.000% rate with a 5.109%. Annual Percentage Rate results in 360 fixed monthly payments (principal and interest) of $520.72. Payment does not include taxes or insurance. This is an example only. Actual loan payment and APR will vary based on the loan amount, the term, insurance and any fees.

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