Please check back for updates. Processing times vary depending on funding availability and program demand in the area in which an applicant is interested in buying and completeness of the application package. This includes adjusting the project scope, giving a No-Cost Extension, and providing supplemental funding for completing the project. Documentation options for payroll tax filings include the following: IRS Form 941 (quarterly wages); IRS Form 944 (calendar year wages); State income, payroll and unemployment insurance filings; QuickBooks; bank repository accounts; and/or internally generated profit and loss statements. This includes things such as submitting forms electronically, submitting online applications and checking the status of accounts. Federal government websites always use a .gov or .mil domain. The content will be reviewed and updated as appropriate. 7CFR 1436. Official websites use .gov UPCOMING CERTIFIED LOAN APPLICATION PACKAGING TRAININGS (All trainings are offered by USDA approved non-Agency trainers.) An official website of the United States government. Also, the home to be built or purchased must be located in an eligible rural area. Please visit the Eligibility Site to find out if your income is within the direct loan limits. If you do not have a Level 2 eAuthentication Account or just have a Level 1 Account, you must submit certain information to the eAuthentication system, such as name, address, DOB, etc. The .gov means it’s official. RDApply is an application intake system that allows you to apply for loans and grants for Rural Utilities Services (RUS) Programs. Buyers who meet the program requirements can receive 100 percent financing with no down payment. Multi-Family Housing Rentals 2. There are several types of USDA home loans: The single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan. Buyers are asked to provide personal information along with supporting documents, such as proof of income. A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans. Additionally, farms can qualify for PPP if it meets SBA’s “alternative size standard.” The “alternative size standard” is currently: (1) a maximum net worth of the business not more than $15 million, AND (2) the average net income Federal income taxes of the business for the two full fiscal years before the date of the application be not more than $5 million. Potential applicants are welcome to submit a complete application for an official determination by USDA Rural Development (RD) regardless of the eligibility assessment results. How Do I Calculate USDA Mortgage Funding Fee? Can a First-Time Homebuyer Purchase Without a Down Payment? No trainings are scheduled at this time. Rural Development, however, does not guarantee the accuracy, or completeness of any information, product, process, or determination provided by this system. Share sensitive information only on official, secure websites. Before sharing sensitive information online, make sure you’re on a .gov or .mil site by inspecting your browser’s address (or “location”) bar. Some programs require you to be a Legal Representative in order to create an application, If you want the ability to authorize other individuals (with eAuth IDs) to have access to your application. A low income is between 50 and 80 percent of the AMI. You can either 1) use the Online Self-Service or 2) Visit a Local Registration Authority (LRA) to verify your identity. Once it’s been approved, you will be able to login to RDApply and create an application. Additional Resources. Meet the department's income guidelines, which are split into three categories: very low, low and moderate. This type of USDA loan helps low-income households buy, repair or renovate homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. Reduced Paper Consumption - Over time, RDApply will save paper, which benefits the environment. Shop for mortgage rates anonymously on Zillow. Identity Security-Information submitted to the Federal Government remains safe and secure because every customer has a unique User ID and password and only authorized USDA employees can access the information. Farms are eligible if: (i) the farm has 500 or less employees, OR (ii) it fits within the revenue-based sized standard, which is on average annual receipts of $1M. The home must be your primary residence. Before sharing sensitive information online, make sure you’re on a .gov or .mil site by inspecting your browser’s address (or “location”) bar. Instead, follow the requirements listed on the SNAP Online Purchasing Pilot website.    • June 1, 2020 version of the worksheetPackaging Fact Sheet, Current Newsletter USDA's Farm Service Agency is relaxing the loan-making process and adding flexibilities for servicing direct and guaranteed loans to provide credit to producers in need. NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled "What Law Governs this Program?" Effective September 1, 2020 the current interest rate for Single Family Housing Direct Home Loans is 2.50% for low and very low-income borrowers. A: As long as other eligibility requirements are met, small agricultural cooperatives may receive PPP loans. For example, customers can fill out and submit their application any time of the day or night from their homes or offices. What is the interest rate and payback period? The USDA offers two loan options for buyers. Nonprofit organizations must include IRS Form 990; Sole proprietors must include IRS Form 1040 Schedule C; Any entity that filed IRS Form 1099-MISC must include this form; Seasonal employers must document the period beginning February 15, 2019 through June 30, 2019. ReConnect Program Fact Sheet (PDF, 1.0 MB): This document provides information about key aspects of the ReConnect program including who may apply, what is an eligible area, how ReConnect funds may be used, where to find technical assistance, and more. The USDA publishes current income limits for each program. An official website of the United States government. A: USDA does not determine whether or not our customers are essential workers. However: More extensive FAQs can be found at the Treasury Department’s CARES Act website (PDF, 50 KB). The amount of assistance is determined by the adjusted family income. Visit the USDA Income and Property Eligibility website for complete details. How much down payment is required? Providing these affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas. With RDApply, you can create an application, upload attachments, sign certifications, and draw service areas, to name a few features. Farm loans are critical for annual operating and family living expenses, emergency needs, and cash flow in challenging times like now. NOTE:  Please select your state using the "Select your location" menu above. Select a loan program. USDA provides homeownership opportunities to rural Americans, and home renovation and repair programs. The USDA offers two loan options for buyers. Not all properties qualify for USDA loans, so be sure to visit the USDA website to see if you qualify. Depending on the program you are applying for, you may need to be approved as a Legal Representative before you can begin entering data into your application. After you send in your Legal Representative Request, Rural Utilities Services Staff will review it. These loans and grants provide money to low-income people so that they can repair or improve their home to get rid of health or safety hazards or to make the place safer or more sanitary.       October 2019 Please note that USDA will only accept eAuthentication Accounts from individuals. Apply by contacting an approved lender in your area. Federal government websites always use a .gov or .mil domain. Currently USDA eAuthentication does not have a mechanism to issue accounts to businesses, corporations or other entities. Participating lenders may pay Zillow Group Marketplace, Inc. (“ZGMI”) a fee to receive consumer contact information, like yours. A: For competitive grants, please check your award Terms and Conditions for information on how to request a No-Cost Extension (NCE). Once you have obtained a Level 2 eAuthentication ID you will be able to access RDApply. Assistance is not limited to first-time buyers. This loan can help moderate-income households buy a modest home (see above) in a rural area. What Are Closing Costs and How Much Are They? Secure .gov websites use HTTPS You can use the loan to purchase a new home or renovate an existing home in a rural area. A list of our real estate licenses is available, Rural Repair and Rehabilitation Loans and Grants, the USDA’s page about Mutual Self-Help Housing Technical Assistance Grants, What is an FHA Loan? The loans are for up to 33 years for those with incomes that are above 60 percent of the average median income for the area, up to 38 years for those below that, and 30 years for those who buy a manufactured home (a mobile home or another home that was made mostly in a factory). Who may apply for this program? Additional questions regarding administrative relief provisions should be directed to USDA NIFA’s Awards Management Division at awards@usda.gov. These loans are for 30 years, and the interest rate varies, depending on the lender. This site is also protected by an SSL (Secure Sockets Layer) certificate that’s been signed by the U.S. government.