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Guaranteed Rural Housing Guidelines

Guaranteed Rural Housing Guidelines 2026

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The document outlines the guidelines for the Guaranteed Rural Housing (GRH) program, which aims to provide affordable housing finance options for very low-, low-, and moderate-income rural residents. It details eligibility criteria for borrowers, property specifications, loan amounts, terms, and underwriting methods. Key points include requirements for credit scores, loan-to-value ratios, acceptable properties, and documentation needed for income verification. The program is designed to assist those who lack sufficient resources for conventional financing.

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Click ‘Get Form’ to open the Guaranteed Rural Housing Guidelines in the editor.
Begin by reviewing the Program Description section. This outlines eligibility criteria and loan purposes, ensuring you understand if you qualify for assistance.
Fill in your personal information in the Eligible Borrowers section. Ensure that all details are accurate, as this will determine your eligibility.
Proceed to the Loan Amount and Term sections. Input your desired loan amount and select a term that suits your financial situation.
Complete the Employment/Income section by providing necessary documentation of income sources, ensuring they meet the guidelines specified.
Review the Assets section carefully. Document any assets you have that may affect your eligibility, including bank statements and verification of funds.
Finally, ensure all fields are filled out completely before submitting your form for review. Use our platform’s features to save and share your document easily.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What credit score is needed for a 502 guaranteed rural housing loan?

If the applicants credit score is less than 640 for 502 loans (or 620 for 504 loans), the Loan Originator must development a credit history from at least three sources. However, only two sources are required if one of those is a verification of rent or mortgage payments.

Which is better, USDA direct or guaranteed?

Put simply, if you qualify for a USDA direct loan, its usually the best deal youll find. In contrast, the USDA guaranteed loan has broader income and eligibility requirements, making it accessible to a much larger group of applicants.

What is the Guaranteed rural housing Program?

The Section 502 Guaranteed Rural Housing Loan Program is designed to serve rural residents who have a steady, low or modest income, and yet are unable to obtain adequate housing through conventional financing. These loans enable low- and moderate-income rural residents to acquire modestly priced homes.

How hard is it to get approved for an USDA loan?

USDA loans can be hard to get since they have strict income, payment, and home location limits. For instance, your income cant exceed 115% of the median household income in the area where you want to buy a home. Then, your monthly payment cant exceed 29% of your gross monthly income.

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