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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.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, and are not insured by bank insurance, the FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the possible loss of principal.  Peoples Bancorp and the investment center are not registered broker/dealers and are not affiliated with Raymond James Financial Services.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc.  Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site.  Contact your local Raymond James office for information and availability.  Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding an website's users and/or members.  FINRA's BrokerCheck

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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