Can I use a USDA Rural Developement loan for new construction on a home?

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I have found a lot in an area that does qualify for the RD loan. I am just curious is there any type of RD loan for new construction? If so how does it work?

One comment to Can I use a USDA Rural Developement loan for new construction on a home?

  • Mohammad  says:

    1. The under noted gives information on USDA Rural Development loan for new construction on homes.

    2. There are several schemes, such as, ‘single family housing’ and ‘multifamily housing’. One can avail the scheme suiting him.

    http://www.rurdev.usda.gov/rhs/

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