USDA Direct Program

USDA Guaranteed Program

•Low-Income Families:  50% to 80% of Median Income 

•Underwritten by USDA 

 •Funded by USDA 

 •Government Funds Limited 

 •No Mortgage Insurance  


 •Interest Rate Modified by Payment Assistance Subsidy 

 •Variable Interest Rate Based on Household Income 

•Recapture of Subsidy Upon Sale  

 •33- to 38-Year Amortization 

 •> 30-Day Processing

•Middle-Income Families : 115% of Median Income

 •Underwritten by Lender 

•Funded by Lender 

•Lender Funds Unlimited

•Upfront and Annual Mortgage Insurance 

•Interest Rate at Market


•Fixed Interest Rate 


•No Recapture

•30-Year Amortization

•< 30-Day Processing