Home » MI Rural Development

Property Search

Minimum Price
Maximum Price
City/Area:
School District:
Porperty Type
Min Sq Ft
Max Sq Ft
# of Beds: # of Baths:

MI Rural Development

usda-rural-dev-logo-254x100Rebecca Bartley is mid-Michigan’s most experienced Rural Development Loan Officer. If you have not heard of this Loan Program before, don’t worry. Most people haven’t! It is, however, one of the few, truly great, government-backed Loan Programs left.

rdHere are a few benefits of the Michigan Rural Development Loan:

  • No down payment required
  • Low 30-year fixed interest rates
  • Seller can pay up to 6% of the purchase price for your closing costs
  • Low monthly mortgage insurance
  • Easy to qualify
  • We can even get you the money to make home repairs!

Don’t Miss Out on your Opportunity to Save Money
on your Monthly Payment While Funding is Still Available!


More information on Michigan Rural Development Rehab Loans:

Property Eligibility

Michigan Rural Development Property Eligibility

Rebecca Bartley is mid-Michigan’s most experienced Rural Development Loan Officer. Click to check if your property is eligible for Rural Development financing. If the county does not appear in the list below, then the entire county is eligible for Rural Development financing.

COUNTIES:

Allegan | Bay | Berrien | Calhoun | Cass | Eaton

Genesee | Ingham | Isabella | Jackson | Kent | Kalamazoo

Lenawee | Macomb | Midland | Monroe | Muskegon

Oakland | Ottawa | Saginaw | St. Clair | Washtenaw | Wayne

Maps load in a separate window, so if you have trouble, make sure your pop-up blocker is turned off. Areas eligible for Rural Development financing fall outside of the green line on the map. Use the zoom key at the top for a better view. If you can’t narrow your property by the map, you can follow this link for the Property Eligibility Search Tool.

Income Limits

Michigan’s Rural Development Income Limits

Rebecca Bartley is mid-Michigan’s Rural Development Loan Officer. Check for updates on Michigan’s Rural Development Income Limits.

Current Income Limits

Ann Arbor MSA:
Washtenaw & Livingston Counties
Lenawee
1-4 Family
92,600
5-8 Family
122,250
1-4 Family
89,850
5-8 Family
118,600
Detroit MSA:
Lapeer, Macomb, Oakland, St. Clair & Wayne Counties
Midland
1-4 Family
81,650
5-8 Family
107,800
1-4 Family
75,550
5-8 Family
99,750
Lansing-East Lansing MSA:
Clinton, Eaton, Ingham
Monroe
1-4 Family
78,000
5-8 Family
102,950
1-4 Family
80,850
5-8 Family
99,750
Leelanau Ottawa
1-4 Family
76,050
5-8 Family
100,400
1-4 Family
81,800
5-8 Family
106,700
All Others
1-4 Family
74,050
5-8 Family
97,750

Qualifying

Qualifications for Michigan Rural Development Loans

Rebecca Bartley is mid-Michigan’s most experienced Rural Development Loan Officer.Check for information on the current interest rates for Rural Development loans.

Interest Rates for Rural Development Loans currently:
4.75%
Interest Rates for Rural Development Loans last updated:
February 12, 2014

Please note that the APR for this interest rate offering is 5.89%. This is for a 30-year fixed loan and does not require buying points.
Turn Times

Michigan’s Rural Development Turn Times

Rebecca Bartley is Michigan’s most experienced Rural Develoment Loan Officer
Check this page whenever you need information on the current Turn Times for the delivering of Rural Development Funding Cerfiticates.

Rural Development Guarantee
Turn Times currently: 3-6 Business Days

Last updated: February 12, 2014

Please note that this is the Turn Time for the Rural Development Guarantee ONLY and is not a reflection of the total time needed to close a purchase loan.

Funding Updates

Michigan’s Rural Development Funding Updates

Rebecca Bartley is mid-Michigan’s most experienced Rural Develoment Loan Officer.Check for information on the availability of funding for Rural Development Loans.


Funding for Rural Development Loans available as of:
Funding is Now Sustainable thru the foreseeable future!


Despite a lot of various rumors around, funding is readily available and should last through the 2020 fiscal year. If you have been told otherwise, it is likely because that particular lender does not offer Rural Development Loans for whatever reason. Contact us for the most accurate and up-to-date information available.

Property Search

Minimum Price
Maximum Price
City/Area:
School District:
Porperty Type
Min Sq Ft
Max Sq Ft
# of Beds: # of Baths:

APPLY NOW!

Full Name:*

Email:*

Phone 1:*

Phone 2:

Address:

City:

Zip:

Loan Amount:

Loan Type:

Property Type:

Property Use:

Credit Rating:

Best Time to Call:

Enter Code: captcha