USDA Loans
Zero-down-payment mortgages for rural and suburban homebuyers who meet certain income limits.
Check USDA Loans RatesWhat is a USDA Loans?
A USDA loan is a zero-down-payment mortgage for eligible rural and suburban homebuyers, issued through the USDA Rural Development Guaranteed Housing Loan Program.
The program is designed to "improve the economy and quality of life in rural America," but "rural" is broadly defined—many suburbs just outside major cities qualify.
Who is this for?
Buyers looking for homes outside of major metropolitan areas who have low-to-moderate incomes.
Pros
- 100% financing (0% down payment)
- Lower mortgage insurance rates than FHA
- Competitive interest rates
- Can finance closing costs into the loan
Cons
- Strict geographic restrictions (property must be in eligible area)
- Strict maximum income limits based on household size
- Requires upfront and annual guarantee fees
Get Your Personalized Rate
Fill out the form below and we'll match you with top lenders in your area.
1
2
3
What's your goal today?
Select an option to get started.