The Guaranteed Rural Housing (GRH) Mortgage is designed to serve rural residents who have a steady, low or modest income and acceptable credit history, but lack the down payment necessary to obtain conventional financing. These loans enable low and moderate-income rural residents to acquire modestly priced housing for their own use as a residence through the purchase of a new or existing dwelling or the purchase of a new manufactured home.

GRH Mortgages are available as 30-year Fixed Rate mortgages. They can be used for primary residences including single-family homes, condos, PUDs, and eligible manufactured homes. Properties must meet the rural designation defined by the Rural Housing Service (RHS.)

A low down payment option for qualified home buyers in rural areas.GRH Mortgage

Features and Benefits

• No down payment required
• Closing costs may be financed on some transactions
• Flexible credit standards
• Reserves not required
• No limitation on seller contributions
• Property must be located in an eligible rural area


Calculate monthly payment and amortization.

Programs available to qualified borrowers only. Some Restrictions may apply. Programs subject to change without notice. Contact eLucid for more information.

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