(318) 561-8020


Rural Development loans offer 100% financing with a minimum credit score of 640. A low rate of mortgage insurance is required and is calculated based on the loan amount. Sellers can pay up to 6% of the sales price toward your closing costs. The main requirement is the property has to be rural. This is usually any property located outside the city limits. Some parishes are 100% rural and qualify. There are also limits to the amount of household income. For a household of 1-4 persons, the limit is $75,650. For a household of 5-8 persons, the limit is $99,850. Households of 9 plus persons, add 8% of the 1-4 person income limit for each person.

Offered by the United States Department of Agriculture, USDA loans are reserved for those who reside in or are looking to purchase homes and property in eligible rural areas.

USDA Loans at a Glance:

  • 100% financing available with no down payment
  • Household income cannot exceed established limits based on the location of the home
  • A guarantee fee applies and can be rolled into the loan amount
  • Flexible credit guidelines
  • Fixed 30-year rates
  • Buyer and lender must agree on interest rate
  • No maximum purchase price
  • Includes existing homes, new construction, modular homes, Planned Unit Developments (PUDs), eligible condominiums and new manufactured homes

Other Loans


Federal Housing Administration

Veterans Affairs




1412 B Peterman Dr, Alexandria LA 71301

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(318) 561-8020


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