USDA Loans
USDA Loans
A USDA loan is a mortgage program backed by the United States Department of Agriculture for rural homebuyers with low to moderate incomes and eligible rural properties.
Eligibility includes income limits, location within designated rural areas, and meeting credit and property requirements specified by the USDA.
There are many benefits, including: no down payment required; borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.
Here’s how our home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
USDA loans are available for single-family residences in designated rural areas. This includes some suburban areas, but not all, as determined by the USDA.
Benefits include no down payment requirement, competitive interest rates, and lower mortgage insurance compared to other loan programs.
USDA loans do not have a strict maximum loan amount, but they are subject to income limits and property eligibility, which can impact the loan amount.
