American Financial Resources, Inc. Is Now Offering The Guaranteed Rural Housing Loan Program The Guaranteed Rural Housing (GRH) Loan Program is designed to assist households in obtaining adequate but modest, decent, safe and sanitary dwellings and related facilities for their own use in rural areas. Loans are limited to applicants with incomes that do not exceed state and local Rural Development (RD) median income limits and property that is designated as rural by Rural Development. USDA Loan Benefits No Down Payment Required. Borrowers can finance up to 100% of the appraised home value or a borrower can have a gift or grant go toward a down payment with no money out of pocket. Competitive 30 year fixed interest rates. Flexible credit guidelines. No maximum purchase limit. The USDA Rural Development program has no maximum purchase price limit. Who Is Eligible? Individuals or families who plan to occupy a home located in an eligible rural area as their primary residence may qualify for a USDA Rural Development home loan. An applicant for the USDA mortgage guarantee loan must provide sufficient income verification and a credit history that indicates an ability and willingness to meet repayment obligations. An individual or family must show proper legal capacity to own property in the U.S.A., own no home or dwelling currently, and have insufficient resources to qualify for a conventional home mortgage.   Under the GRH Loan Program, housing must be modest in size, design, and cost. New Manufactured housing must be permanently installed and meet the HUD Manufactured Housing Construction and Safety Standards. To verify eligibility for a GRH Loan, property eligibility and income eligibility must be obtained. Property Eligibility * Income Eligibility* AFR GRH Loan Program Guidelines Income Limits* Form 1980-21 (Writeable format) * Have the applicant complete the writable sections of the document; must be completed by applicant and broker * Must be signed by all applicants GRH - Guarantee Fee Calculator GRH overview presentation by Rural Development * *Note: Some guidelines may have changed since the production of this presentation. Refer to AFR’s guidelines for more accurate information. Remember: AFR Does Not Charge Any Lender Fees! * Third-party vendor links are available here to allow access to other sites that may be of interest. Clicking on a third party link or hyperlink will take you out of AFR’s website to an alternative website not operated by AFR. AFR is not responsible for the content of the third-party website and does not represent either the third party website or the unaffiliated company if you enter into a transaction. Privacy and security policies of the website to which you are linking may differ from those practiced by AFR CDE (Correspondent with delegated underwriting authority) accounts are not eligible for USDA Programs. Please contact your Account Executive for further details. Mortgagee Clause for all AFR GRH loans: American Financial Resources, Inc. ISAOA / ATIMA USDA, Rural Development 9 Sylvan Way Parsippany NJ 07054