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100% loans can be made on either new or existing
homes;
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Existing homes must be structurally sound,
functionally adequate, and in good repair;
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There are no restrictions on the size or design
of the home financed;
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The home must not be used for income-producing
purposes;
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Typical amenities, except in-ground swimming
pools are allowed;
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Homes must be located in rural areas. Rural areas
include open country and places with a
population of 10,000 or less and, under certain conditions,
towns and cities with between 10,000 and 25,000 residents. USDA
Rural Development field offices can determine eligible areas.
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