USDA / Rural Development Loans
Flexible Requirements & Down Payment Options
Home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no down payment option.
100% financing + required guarantee fee = 102% of the appraised value
Low FICO score requirements
Low interest rates
Low closing costs
Gift funds can be used for closing costs
30-year, fixed-rate mortgage
USDA Loan Eligibility
Eligibility is based on the property size, location and condition along with income and other qualifying factors. Some of these requirements include:
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Property must be located in a USDA designated rural area
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Household must be able to afford the mortgage payment
(including property taxes, homeowners insurance and the annual guarantee fee payable on a monthly basis)
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Household members can have a total income of up to 115% of the medial income for the area
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Maximum loan limits vary based on location
Invest in the Future You Deserve.
Not only do you deserve a perfect home, but one that will
lead to a better future. We can help you get there.
* This article does not constitute tax or financial advice. Please consult a tax and/or financial advisor regarding your specific situation.
**Subject to underwriting review and approval.