The Sibley Group at Keller Williams Realty 455-0100

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You are here: Home / Buying a Home / Mortgage Resource Center / Mortgage Type Comparison / RD Financing – Rural Development Loans

RD Financing – Rural Development Loans

Rural Development Financing is a mortgage program that allows buyers to finance 100% or more of the home purchase price.  Features of the St Tammany Parish Rural Development Loan Program include:

  • No down payment – 100% financing in St Tammany
  • No penalty for pre-payment
  • Maximum income limits apply
  • Limited to qualifying areas (all of St Tammany Parish is now eligible for 100% financing)
  • Less up front cash required vs. conventional FHA loans
  • 640 Minimum Credit Score

This is a great loan option for Buyers with little or no down payment money available.  Qualified Buyers can borrow up to 100% of the appraised value.

100% Financing in St Tammany Parish - Rural Development Loan

Eligible Rural Development Areas – 100% Financing in St Tammany Parish

Communities eligible for Rural Development Financing are subject to change based upon population shifts; however, at this time all communities in St Tammany Parish are eligible for 100% financing through the Rural Development Program.  These include Slidell, Pearl River, Lacombe, Madisonville, Abita Springs, Covington, and Mandeville.

Do you have additional questions about eligibility for the Rural Development program?  To find out if a property will qualify for 100% financing, submit a pre-approval request at the bottom of this page.

Rural Development Income Limits

The rural development program is designed for low to moderate income households.  Accordingly there are maximum household income limits.  The Income Limits for the Rural Development program are based upon the number of individuals living in the home.  The maximum income for a household of 1-4 persons is $74,750, while the limit for a household of 5-8 persons is $98,670.

Rural Development Fees

The Rural Development Program charges an up front 2% guarantee fee at closing.  This guarantee fee is a one time charge based upon the amount financed. The guarantee fee may be included in the amount financed and does not have to be paid out of pocket at closing.

An annual fee of 0.4% (payable monthly) will be charged for the life of all Rural Development Loans.  The annual fee is calculated each year based 0.4% of the  average annual unpaid principal balance.

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About Us

The Sibley Group has a team of Realtors to meet all of your real estate needs throughout the New Orleans Metropolitan area. We have agents that specialize on the Northshore and Southshore, including New Orleans, Slidell, Metairie, Covington, Mandeville, Pearl River, and Lacombe.


Trust a real estate team with a long-standing tradition of service, expertise, and professionalism in the local area.


John Sibley reviews
The Sibley Group
Keller Williams Realty 455-0100

3197 Richland Ave, Metairie, LA 70002

Northshore: 985.326.9755
Southshore: 504.571.9755
Broker: 504.455.0100

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