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USDA Rural Development Loan

< See all home loan options

At Peoples bank, we make available a government insured option for those looking to purchase a home. A USDA Rural Development loan might be right for you if you want to purchase a home with no down payment.

  • No down payment

  • Closing costs may be financed based on appraisal

  • Expert Advice

  • Personal attention and friendly specialists to guide you through the entire process

  • Home Loan Resource Center

Rate Information


  • Cannot be located in a flood zone

  • Must be primary occupancy

  • Excluded single/double wide manufactured homes

  • Minimum credit score requirements

  • Must escrow tax/insurance

Rate Information


  • Adjustable Rate Mortgages

  • Non-Conforming Fixed Rate Loans

  • Investment Properties

  • Land Loans

  • Manufactured Housing

  • 100% First-Time Homebuyers Financing

  • Jumbo Mortgage Loans

  • Blanket Loans

  • Second Home

Rate Information


Can not own other property, Land value maximum 30% of total appraisal, additional Outbuildings, swimming pool, excess acreage (in excess of 5.0 acres) are problematic. Rate lock Available only after all documents and appraisal received. Additional RD forms needed.
Rev 9/19/11

Get Started Today

Select from the options below to apply for your Home Loan from Peoples Bank.

Call 1-800-374-6123
to speak with a helpful service associate.
Locate an office  near you to meet and discuss in person.

What You'll Need

Opening an auto loan is easy. For an even faster application process, have the following information on hand:

  • Loan amount
  • Information on home you'd like to purchase or refinance
  • Photo ID
  • Co-applicant information (if needed)

The Peoples Bancorp website links to third-party websites on the Internet. Peoples Bancorp provides links to these web sites only as a convenience. The inclusion of these links are not endorsements by Peoples Bancorp. The linked sites are not under the control of Peoples Bancorp, thus Peoples Bancorp is not responsible for the content of any linked site or any link contained within a linked site. Adobe Acrobat Reader 5.0 or above is required to access all PDF documents. Insured deposit products and services are offered through Peoples Bank,Equal Housing Lender, Member of FDIC.
Peoples Bank (w/ logo)® is a federally registered service mark of Peoples Bank.

Insurance and Investment products are: NOT FDIC Insured • NOT GUARANTEED by Peoples Bank • NOT a deposit NOT insured by any federal government agency  Subject to risk and may lose value.

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