Backed by the USDA, rural Loans are similar to VA and FHA, except they are only available in selective rural areas and have income limitations.
USDA is a 102% loan with no down payment required and does not require monthly mortgage insurance.
This requirement alone saves a lot of money. The USDA loan is not limited to first time home-buyers.
The seller can contribute up to 6% of the purchase price towards buyers closing and prepaid costs.