USDA Home Loans
Is a USDA Mortgage Loan is Right For Me?
Great for Rural Home Buyers
Zero Down Payment Requirements
Flexible Underwriting Guidelines
Closing costs and Repairs Financed
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Why a USDA Home Loan?

USDA Home Loans are mortgages for buyers purchasing homes in a rural area. These loans are 100% financing zero down with low rates and no limits on seller concessions.

USDA stands for “United States Department of Agriculture” which supervises the rural housing program.  The USDA Home Loan directive is to provide borrowers with affordable homeownership in rural communities with little out of pocket costs.

It is important to understand that the USDA offers two types of loans.  The direct where the USDA underwrites and provide the financing, reserved for very low income buyers, and the guarantee loan that protects the lenders from loss in the event of foreclosure.  In simple terms the USDA insures a portion of the loan typically in relation to a down payment.  This guarantee allows for a 100% mortgage loan making homeownership more accessible in small town America.

The USDA Home Eligibility is determined by four factors: credit score, monthly income, monthly debt obligations and the geographic location of the property.

To find out if you meet the income requirements or if the property is eligible, please use the links to access the USDA eligibility website.

Benefits of a USDA Loan

  • Guaranteed by the US Department of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Maximum on Loan Amounts
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value with Restrictions
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled into the Loan
  • New Manufactured Home Only

Don’t worry if the property or your income does not meet the USDA Home Loan requirements.  There are other federal mortgage loan programs that are available.  Loan officers available 7 days a week to discuss options.

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