Eligible Areas for USDA Guaranteed Rural Development Loans

Eligible Areas Our goal with the Rural Development Loan is to help individuals and families acquire housing in rural areas. USDA performs periodic reviews and designates eligible rural areas based on factors relating to the character and population of open country, towns, villages, and cities. To determine if a property is located in an eligible rural area, visit the USDA Rural Development web site Leaseholds Homes may be financed on a leasehold when
	Long-term leasing of home sites is a well-established practice in the area Such leaseholds are freely marketable in the area The borrower is unable to obtain fee title to the property The lease has an unexpired term of at least 40 years from the date of loan approval