Justin Kennedy
Justin Kennedy
Peoples Home Equity
Knoxville, TN 37922

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Rural Development Loans

Rural Development 100% Financing “Rural Development lending has become a very popular loan product in the past 5 years. Rural Development, or ‘RD’ lending extends financing to homebuyers for 0% down! 

You do not have to be a ‘first time homebuyer’ in order to obtain a RD loan; but, you cannot currently own another home & be eligible to purchase another one with RD financing! The seller is allowed to pay up to 6% towards ‘seller paid closing costs’ on behalf of the buyer. Buyers can only obtain a 30 year loan term on this type of product. Appraisals in Knox County for a RD loan are $425.00. Our current minimum credit score requirement for FHA is a 640. Rural Development loans for properties located in Knox County have to be eligible. There is a website that you will need to imput your property address and see if it is eligible for this type of financing. This is the link: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Another RD caveat is household income. Knox County household income limits for RD are not to exceed $74,500.00 annually. Marissa & Margo are always willing to help you work on your credit, if it’s not up to the industry standard at the date of application.”

The Justin Kennedy Team
Licensed Mortgage Loan Originator
8351 E Walker Springs Ln.
Ste. 200
Knoxville, TN 37923
Ph: 865-318-2923


Justin is a very dedicated loan office He works hard for his clients and follows through on every part of the process, Justin was understanding and very helpful. He was there to answer any and all questions I had during the whole process he kept me updated every step of the way. Justin made my home buying experience less stressful and simple. Sharon Brewer
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Justin Kennedy NMLS #151602

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Cardinal Financial Company, Limited Partnership (NMLS ID 66247).

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