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Old 01-12-2013, 07:45 PM   #10
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Join Date: Feb 2012
Posts: 319
We have a rural development loan. It's awesome!! We have 4 kids, so we were able to make up to 123k to qualify. That's entirely dependent on area, so you will have to check into specific counties for income guidelines. Our interest rate is 3.25%. We had zero down as well. The process is very similar to a regular loan, it just takes slightly longer for underwriting. Our whole process from offer to closing was under 90 days. And we don't have the "bucket thing" that someone else referred to. Our loan operates no different than a regular FHA loan.
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