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USDA Loans

The USDA changed rules in 2009 that makes millions of Americans eligible for its rural mortgage programs. The American dream of home ownership has become more difficult as families struggle to come up with the 20% down payment that many conventional home loans require. With the USDA loan, many are still able to get a zero down home loan.

Eligibility varies based on area, your income, credit history, and number of dependents claimed so it's important that you call and speak with one of our experts to see if you qualify. Call us today at (844) 242-6656 to speak with a USDA specialist or inquire here.

USDA Benefits:

  • No down payment required: Whereas many conventional loan programs require a 20% down payment, many USDA loans allow zero percent down. With the ability to receive financing up to 100% of the appraised home value, homebuyers don't have to spend any money out of pocket.
  • Competitive 30-year fixed interest rates: With the guarantee of the federal government, a lender can offer the lowest interest rates to qualified individuals and families.
  • Flexible credit guidelines: Although a credit report must be pulled, the USDA Rural Development program has less stringent credit guidelines, allowing potential homeowners with poor credit the ability to qualify for a home loan.
  • No maximum purchase limit: The USDA Rural Development program has no maximum purchase price limit. However, a lender will still determine the maximum amount of loan each applicant is eligible for based on ability to repay.

 USDA Loans are for:

  • New Home
  • Pre-existing home
  • Condominium
  • Townhouse
  • Land and the cost of building a home
  • Commercial property
  • Farms and equipment
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