USDA
Dependable financing for rural properties
A zero down payment, low rate option offered to low-to-moderate income buyers for homes off the beaten path.
Making Homeownership Possible with USDA Loans
USDA loans are available to eligible rural and suburban homebuyers. Designed for those looking to achieve homeownership in communities across America, USDA loans provide benefits that traditional loans often can’t match, including no down payment and lower mortgage insurance costs.
USDA benefits
- Achieve homeownership without the burden of a large upfront cost.
- Typically lower rates than conventional loans, making monthly payments more affordable.
- Lower monthly costs compared to other loan programs.
- Accessible even if your credit history isn’t perfect.
- Encourages development in rural communities and smaller towns.
- Future buyers can take over the loan under certain conditions.
- Freedom to pay off your loan early without extra fees.
Qualification criteria
- The property must be in an eligible rural or suburban area designated by the USDA.
- Household income must not exceed the USDA’s income limits for the area.
- Applicants should demonstrate a history of timely payments and responsible credit use.
- Must be a U.S. citizen or permanent resident.
- Evidence of steady employment or reliable income to support mortgage payments.