USDA Rural Development’s Single-Family Housing Guaranteed Loan Program is an excellent program for those low to moderate-income families looking to purchase in a rural area, who do not have money to put down for a down payment but do have acceptable credit ratings. Both the borrower’s income and the home’s location must meet the USDA’s eligibility guidelines. Currently, this loan is only offered on a 30 year fixed rate term. There is no down payment required, which allows you to finance 100% of the purchase price.