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HomePersonalMortgageBuy a HomeUSDA Rural Development Loans

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 PrequalifiedMortgage Quick QuoteMortgage Calculators

This account pairs well with:

Smartest Home Equity Line of Credit$MART CheckingFinancial Education

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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.

  • Scan the QR code with your phone's camera to instantly download our mobile app, or use the links below to install the app to your device.
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© 2026 German American Bank . All rights Reserved

Routing Number #:
083904563
Call Us
(812) 482-1314 or (800) 482-1314
Bankline 24
(800) 536-0660
Treasury Support
(800) 482-1314, ext 2500
Equal Housing Lender FDIC

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

© 2026 German American Bank . All rights Reserved

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