skip to Main Content
(414) 810-4569 Joshua Bucio, NMLS #286333

Rural Housing Home Loan Program

First Time Home Buyer Program in Wisconsin

The Rural Housing Program is considered one of those hidden treasures in the mortgage world. It is one of the only true 100% financing home loans available in this real estate market for home buyers. Yes, no down payment is allowed when you use a Rural Housing home loan.

Here are the details of the Rural Housing program:

  • This program does not have the traditional monthly PMI payment. There is a premium that comes with this program, but it is typically financed into the loan. There is an annual fee that is paid monthly and is part of your total payment.
  • This program is called “Rural”, because there are certain areas that are not eligible for this program. All of Milwaukee county is NOT eligible, but many areas throughout the entire state of Wisconsin are eligible. Just ask and we will look up your area.
  • The interest rates are very fair. You will only get a fixed rate, so no need to worry about adjustable rates with this program.
  • You can use a credit from the seller to help pay for your costs and prepaid items. The combination of a seller credit and no down payment will allow you to come out of pocket with very little funds.

We really encourage you to get yourself pre-qualified with this program, before getting to far into looking at homes you want to buy. Sellers today are looking for serious buyers and a serious buyer has a pre-qualification letter ready. Learn about the importance of a pre-qualification letter.

We have an online application that is very secure with your information and very easy to use. It comes directly to us and your information is never sold. We can issue you a pre-qualification letter in 24-48 hours, after receiving all your information.

Here is the direct link to the online application: Secure Online Application

If you are not comfortable with an online application, that’s ok! Feel free to call us at the office, 414-801-4569, and we can go over the application and questions on the phone.

Working with Waterstone Mortgage

  • We put YOU first.
  • Waterstone Mortgage offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Waterstone Mortgage will find you the loan that is right for you!!!


A USDA Loan is a government-insured loan subject to certain qualifications and restrictions. USDA guarantee fee and annual fees apply. A Mortgage Loan Specialist will provide you with additional information to help you determine if you qualify. Subject to credit approval and program guidelines.

Back To Top
×Close search