USDA Loan
Zero down payment loans for eligible rural and suburban homebuyers. USDA loans offer great rates, low mortgage insurance, and flexible credit requirements for qualifying properties.
USDA loans are backed by the United States Department of Agriculture and designed to help low-to-moderate income families purchase homes in eligible rural and suburban areas. With 100% financing available, USDA loans make homeownership accessible without requiring years of saving for a down payment.
Key Benefits of USDA Loans
0% Down Payment
Purchase a home with no down payment required, making homeownership possible without substantial savings.
Low Mortgage Insurance
USDA mortgage insurance rates are typically lower than FHA and conventional PMI, reducing your monthly payment.
Competitive Rates
USDA loans often feature lower interest rates compared to conventional financing options.
Flexible Credit
More lenient credit requirements make it easier for borrowers with limited credit history to qualify.
USDA Loan Requirements
- Property Location:The home must be in a USDA-eligible rural or suburban area. Many areas outside major cities qualify, including small towns and communities.
- Income Limits:Household income must not exceed 115% of the area median income. Limits vary by location and household size.
- Primary Residence:The home must be your primary residence. USDA loans cannot be used for investment properties or vacation homes.
- Credit and Income:Stable employment history and sufficient income to cover the mortgage payment and other debts.
Check Property Eligibility
Not sure if a property qualifies for USDA financing? Our team can help you verify property eligibility and determine if you meet income requirements for your desired location. Many areas that seem suburban or even close to cities actually qualify for USDA financing.