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USDA Rural Development Loans

A government-backed mortgage with low or no down payment options for eligible borrowers.

Low or no down payment for qualified buyers.

The USDA Rural Development Loan program makes homeownership possible even if a down payment isn't. How? Work with a German American Bank mortgage lender, and we'll walk you through the entire process step by step.

Eligible borrowers may qualify for up to 101% of the home's appraised value for purchases and 101.5% of appraised value for refinance (available only for current Rural Development loans).

Features & Benefits

  • Must meet USDA Rural Development income limits
  • Owner-occupied, one unit, primary residence only
  • Seller can contribute up to 6% financing concessions
  • No down payment required
  • Monthly mortgage insurance based on term and loan-to-value as defined by USDA Rural Development
  • Minimum credit score of 640
  • Free prequalification

Ready to Get Started?

Apply NowGet PrequalifiedRun the Numbers

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Subject to program availability and credit and underwriting approval. No manufactured homes are allowed. Non-occupant co-borrower not allowed.

Available in the German American Bank markets in Indiana and Kentucky.

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© 2025 Heartland Bank . All rights Reserved

Routing Number #:
German American Bank - 083904563
Heartland Bank, a Division of German American Bank - 044109336

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(800) 697-0049
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(800) 536-0660
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(800) 697-0049, ext 2500
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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

© 2025 Heartland Bank . All rights Reserved

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