Rural Devolopment Loans offer 100% financing to households that do not exceed more than $74,500.00 annual income.
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! There is no time limit after you sell your home to be eligible for a RD loan and the seller is allowed to pay up to 6% towards ‘seller paid closing costs’ on behalf of the buyer. Rural Development loans can only be acquired in a 30 year mortgage loan. Rural Development loans for properties located in Knox County have to be eligible according to the guidelines and those can be found here--https://eligibility.sc.egov.usda.gov/eligibility/assessmentType.do