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USDA Loan
A USDA loan, backed by the U.S. Department of Agriculture, is a zero-down mortgage option designed to help low-to-moderate-income borrowers buy homes in rural and suburban areas. Offering 100% financing, these loans require no down payment and come with competitive interest rates and lower mortgage insurance costs compared to other loan programs. USDA loans are ideal for homebuyers seeking affordable home financing in eligible areas while benefiting from flexible credit requirements and lower monthly payments. If you’re looking to buy a home with little to no money down, check your eligibility for a USDA home loan today!
A Reliable Home Loan You Can Trust.
No Down Payment Required
Purchase a home with 100% financing, making it easier to get started.
Competitive Interest Rates
Enjoy lower interest rates compared to other loan types.
Affordable Mortgage Insurance
Monthly insurance costs are lower than FHA loans, saving you money over time.
Flexible Income Limits
Designed to assist moderate- and low-income families in achieving homeownership.
Loan Guidelines
If your details are near these guidelines, we encourage you to apply or reach out. Even if you don’t qualify for a 30-year fixed-rate mortgage, we may have other options available.
The Home
Purchase a new home or refinance your current mortgage.
Credit Profile
A credit score above 620 is typically required.
Debt-to-Income
Your debt-to-income ratio (DTI) should be under 50%.
Closing Costs
Along with your down payment, you’ll need sufficient funds to cover closing costs.
Explore Your Potential
Our calculators help you understand and visualize your options
Mortgage Calculator
Planning to buy a home? Calculate your estimated monthly payments, including taxes and insurance.
Refinance Calculator
Considering refinancing your mortgage? Find out how much you could save.
Frequently Asked Questions
Have questions? We’ve got answers! Explore our FAQ section to find helpful information about loans, refinancing, and more. If you don’t see what you’re looking for, feel free to contact us—we’re here to help!
Who are USDA loan best for?
USDA loans are best for homebuyers looking to purchase a home in rural or suburban areas who may not have a large down payment or who have moderate to low income. They’re ideal for those seeking 100% financing with affordable terms.
How do USDA loans work?
USDA loans are backed by the U.S. Department of Agriculture and are designed to promote homeownership in eligible rural areas. They offer no down payment options and competitive interest rates. Borrowers must meet income and property location requirements. Mortgage insurance is required, but it’s often lower than FHA loans.
What are pros and cons of a USDA loan?
Pros:
- No down payment required.
- Competitive interest rates and low monthly mortgage insurance.
- Designed to help moderate- and low-income borrowers.
Cons:
- Limited to properties in eligible rural or suburban areas.
- Income limits apply based on household size and location.
- A funding fee and monthly mortgage insurance are required.
Can I put down more than 0%?
Yes, you can choose to put down more than 0% on a USDA loan. While no down payment is required, contributing a larger down payment can reduce your loan balance and lower your monthly payments.