USDA Mortgages

USDA Loans 
The USDA (rural development loan program) provides low and moderate income borrowers with better affordable housing finance options with little or no down payment or out of pocket costs. The property must be located within a USDA designated rural area.
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ARM Loans
Adjustable rate mortgage loans can be a great option for those planning to only be in their home for a short period of time. The ARM loan offers a lower interest rate for a fixed period of time and will adjust after that. Interest rates can be fixed for 3, 5, 7, and 10 years.

Affordable USDA and ARM Loans

USDA Loans

The USDA (rural development loan program) provides low and moderate income borrowers with better affordable housing finance options with little or no down payment or out of pocket costs. The property must be located within a USDA designated rural area.
  • 100% financing available to qualified borrowers
  • Seller can contribute up to 6% of the borrower’s closing costs
  • Flexible mortgage guidelines
  • Income and property restrictions do apply

ARM - Adjustable Rate Mortgage

Adjustable rate mortgage loans can be a great option for those planning to only be in their home for a short period of time. The ARM loan offers a lower interest rate for a fixed period of time and will adjust after that. Interest rates can be fixed for 3, 5, 7, and 10 years.
 
Through Fidelity Bank, we offer a number of options within the ARM product line. It will be important for us to work closely with you to assess your needs to determine if this type of loan is right for you. Since the interest rate will eventually change and more than likely rise, it is only recommended for a specific type of borrower. Call 515-343-2300 to learn more about our ARM mortgages.

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