Rural Development

If the home of your dreams is located in a rural area, this is the home loan for you!  Essential's Rural Development Loan is perfect because it requires no money down!  That means you do not need to empty your savings account to purchase a home and makes the dream of becoming a homeowner a reality.  Our Rural Development loan features:

  • 100% LTV financing with minimum mortgage insurance
  • No maximum loan amount
  • Expanded qualifying ratios and flexible credit guidelines
  • Annual Income Limits from $75,650 - $99,850
  • Loan up to appraisal value to finance closing costs
  • RD Guarantee fee of 2%, which is completely financeable
  • Do not need to be a first time homebuyer

Rural Development properties are often located within popular suburban communities.  Let us help determine if the home you're looking at is considered Rural Development.  With 100% financing available, enjoy the luxury of using savings for the essentials a new home requires, such as major appliances and furniture.  Call us at 888.369.2207phone icon and get packing for a grand move today!

Mortgage Loan FAQ

Apply Now, get pre-approved, check rates or call us at 888.369.2207phone icon.

Please note: A Credit Report fee will be assessed to all applications. This fee will be deducted from the total costs of your loan, if approved.
*Normal credit restrictions apply. Other restrictions may apply, please see a Essential FCU Representative for details.