USDA HOME LOANS

True zero-down financing!

USDA Rural Development Home Loan

The United States Department of Agriculture, or USDA offers considerable benefits for those wishing to purchase a home in rural and mostly rural areas. This program allows you to purchase a home with true zero-down financing so you can keep your cash in the bank.

The USDA loan’s purpose is to provide affordable homeownership opportunities to low-to-moderate income households to stimulate economic growth in rural and suburban communities throughout the United States.

Eligible Areas

USDA loans are limited to certain rural areas. Generally, according to USDA guidelines, it includes any areas with a population of less than 35,000. In fact, an estimated 97 percent of the U.S. is eligible for USDA lending. To see if the area you are shopping for a home in qualifies, visit the USDA Income and Property Eligibility site or contact one of our USDA loan experts directly.

*Programs not available in all areas. Additional terms and conditions may apply.

Possible USDA Benefits

  • Not limited to first time homebuyers
  • No down payment
  • 1% USDA required guarantee fee can be financed
  • Seller may contribute to buyer’s closing cost

USDA Qualifications

  • Property must be located in an eligible designated rural area
  • Brand new homes or existing properties are eligible
  • Annual income must meet eligibility guidelines
  • No cash reserve requirement