Available Products and Parameters
- Maximum loan amount up to Conforming Loan Limits
- Property located in eligible rural area
Borrower Eligibility - Property must be located in a USDA-designated rural area.
Loan-to-Value - Maximum 100% LTV
Borrower Contribution - Not Required
Mortgage Insurance - Up front Guarantee Fee - Annual/Monthly Guarantee Fee
Occupancy - Owner-occupied
Seller Contribution - Maximum 6%
Reserves - Not Required
Subordinate Financing - permitted through a Regions-approved down payment assistance program (DPA)
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