USDA Rural Loan Pilot Program was launched on February 1, 2012 to assist current USDA Guarantee Loan borrowers refinance their mortgage to obtain a lower interest rate with minimal requirements. The USDA Pilot Program is limited to USDA Refinance transactions in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Mississippi, Missouri, Montana, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, or Wisconsin. The USDA Rural Loan Pilot Program will be evaluated after two years to determine whether to continue it, terminate it or make it permanent.

Learn More About Your USDA Refinance Loan Options
Step 1 of 3 : Existing Loan Information
Current Loan Servicer:
What State:
Approx Loan Amount:
Current House Value:
Current Interest Rate:
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Get Qualified For The USDA Rural Development Loan
Step 2 of 3 : About You
When are you looking to refinance:
Estimate your credit:
Last 12 Month Mortgage Payment History:
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Get Qualified For The USDA Rural Development Loan
Step 3 of 3 : Your Contact Information
Full Name
Email Address
Phone
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USDA Rural Loan Pilot Program Eligibility Requirements:
The USDA Pilot Program is available only for properties in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Michigan, Mississippi, Missouri, Montana, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia, or Wisconsin.
Borrower must have a USDA Guaranteed Loan to qualify for the USDA Rural Loan Pilot Program
USDA Rural Loan Pilot Program borrowers must meet income eligibility requirements to ensure that the household income does not exceed allowable limits
USDA Pilot Program borrowers cannot be over 30 days late on any mortgage payments over the last 12 months
The USDA Rural Loan Pilot Program refinance interest rate must be 1% lower than the current interest rate
Why the USDA Rural Loan Pilot Program is better than the standard USDA Refinance Program:
USDA Rural Loan Pilot Program loan applicants will NOT require an appraisal report so homeowners that owe more than their house is worth can still refinance their mortgage
Credit scores are not used in determining borrowers eligibility for the USDA Rural Loan Pilot Program
USDA Pilot Program borrowers will not need to bring any cash to the settlement table. The new loan amount for the USDA Pilot Program can include accrued interest, eligible closing costs, and escrows or pre-paids; in addition to the existing principal balance and new upfront refinance guarantee fee of 2.00%
USDA Rural Loan Pilot Program borrowers will require employment verification but will not require the borrower meet any debt-to-income ratio requirements