USDA Lending

Financing for Rural Affordable Housing

Churchill Mortgage Investment LLC, a wholly owned subsidiary of CSG, is approved by the United States Department of Agriculture (USDA) as a Section 538 Guaranteed Rural Rental Housing Program Lender.  The USDA 538 program is designed to increase the supply of affordable rural rental housing through the use of loan guarantees.  CSG makes and services loans on USDA approved projects.

  • USDA Section 538 Program – for new construction or to rehabilitate existing rural apartment units for residents with low and moderate incomes.

Contact one of our experienced Production Officers to learn more about financing options through FHA/HUD.

>> View Projects Financed

Contact us to find out how we can help.


  1. Own land in area within the USDA eligibility area and would plan to build apartments. We would like to learn more about the USDA Section 538 program.

    1. Thanks Joseph for your interest in working with CSG! Michael E. Spain, the origination officer within your region, will be in contact with you soon. You can also reach out to him directly:

  2. Hello, I’m interested in acquiring multifamily property in Northeast Ohio. Want to know more about the USDA 538 Loan.

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