Rural Development Loans
The big city isn't for everyone. If you're looking to buy a home outside the city limits, you have access to special financing. Let us help.
American Bank's rural development loans are perfect if you reside in a rural area and have had difficulty qualifying for a home loan. It's ideal for borrowers in rural areas who do not have the solid credit needed to qualify for a standard home loan.
- Summary
- Free pre-approval
- Flexible credit and qualifying ratios
- Generous income and lending limits
- No down payment required
- 30-year fully-amortized fixed-rate
- 100% financing of appraised value (plus 3.5% guarantee fee)
- AEOA and Kootasca assistance allowed
- Refinance your current rural development loan
- Locally approved and serviced loans
- Payments are made to American Bank
Refinance With Us!
We can handle all of your refinancing needs, too! Contact us to see how much you could be saving.
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