USDA Loans
Experience rural homeownership and get a loan without a down payment, enjoying low-interest rates and flexible credit requirements.
Get a quoteBenefits
- Purchase a home in eligible rural areas with no down payment required.
- Enjoy competitive interest rates, often lower than conventional mortgages.
- USDA loans accept lower credit scores than conventional loans.
- Lower upfront and annual mortgage insurance premiums compared to FHA loans.
- Roll the cost of necessary repairs or renovations into your loan.
Eligibility requirements
- Location: Properties must be located in eligible rural areas designated by the USDA.
- Income Limits: Borrowers must meet income eligibility requirements based on household size and location.
- Credit History: While flexible, borrowers must demonstrate a reasonable credit history.
- Property Requirements: Homes must meet USDA property guidelines, including safety and livability standards.
- Employment and Income Verification: Lenders assess borrowers' ability to repay the loan.
Example
Meet the Connors
The Connors, a young family looking to settle in a rural community, find USDA loans perfect for their situation. With no down payment requirement and competitive rates, they purchase their dream farmhouse with ease.
How can we help you today?
Get pre-approved
See how much you can afford and shop for homes with confidence.
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