USDA Rural Development Programs

The USDA Section 538 program provides up to a 90% guarantee for loans financing the development or rehabilitation of multifamily rental housing for low- and moderate-income families in rural areas. Up to 90% LTV, long terms, and no upper loan limit.

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Program Parameters

Program

USDA 538 / Rural Dev

Guarantee

Up to 90%

Loan Amount

$750K, $25M+

LTV

Up to 90%

Term

Up to 40 Years

Rate

Fixed or Variable

Target

Rural Areas

Occupancy

Affordable Housing Required

Eligibility Requirements

✓Property must be located in a USDA-designated rural area

✓Housing must be for low- and moderate-income tenants

✓Borrower must be a for-profit, non-profit, or public entity

✓Project must have a demonstrated need for affordable rental housing

✓New construction or substantial rehabilitation of multifamily housing

✓Management plan and market study required

✓Properties with 5+ units in eligible rural areas

💡 Rural Eligibility: USDA maintains interactive maps to determine if a location qualifies. Our team will confirm eligibility as part of your initial consultation.

USDA Eligibility Checker

Is Your Property in a USDA-Eligible Area?

Enter a property address or city/state to instantly check USDA Rural Development eligibility, no account required.

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Interested in a USDA Loan?

Our loan officers will review your project location and walk you through the program.

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