What is a USDA Loan?

USDA loans are home loans guaranteed by the US Department of Agriculture that create uniquely favorable terms for eligible first time home buyers.

Why should I get a USDA Rural Development Loan?

If you have trouble making a traditional down payment on a new home, have a moderate family income, a USDA loan can help you achieve affordable homeownership.

Am I eligible for a USDA Rural Development Loan?

You must be a U.S. citizen, permanent resident, or qualified alien. The home you purchase must be used as your primary residence and be located in a qualified rural area.

USDA Loan Benefits

  • Gift Funds are allowed
  • 100% financing available
  • Possible financing of closing costs and repairs
  • No monthly mortgage insurance
  • 30-year fixed interest at competitive rates
  • No monthly service fee
  • Unlimited Seller paid closing costs
  • Flexible credit requirements and qualifying guidelines
  • No maximum purchase price limit
  • Available for self-employed applicants
  • Not limited to first-time homebuyers or “farmers.” Millions qualify.
  • Moderate income families can qualify with easier credit terms
  • Open to U.S. citizens, permanent residents, and qualified aliens
  • Loans are guaranteed by the USDA, so lenders feel secure