USDA Rural Development Home Loans
Getting you the mortgage you deserve
USDA Rural Development Home Loans
Guaranteed by the United States Department of Agriculture (USDA), these loans offer an affordable way to purchase property in rural neighborhoods. These are non-urban areas, but often include villages or small towns near bigger cities. The loan term is a 30-year fixed-rate mortgage.
The USDA loan’s purpose is to provide low to moderate income households the opportunity to achieve the dream of homeownership in eligible rural areas. They help to do so by guaranteeing each USDA loan against default. This guarantee allows for some great benefits such as zero down payment, low rates and lenient credit requirements.
USDA Rural Development Home Loan Advantages
- No down payment.
- Allows for non-traditional credit.
- Lower closing costs, with no limit on contributions from seller or gift money.
USDA Rural Development Home Loan Disadvantages
- Must meet USDA location standards.
- USDA Guarantee Fee is required.
Get Pre-Approved for a USDA Loan in as Little as 15 Minutes
Zero down payment and lenient credit requirements — get your USDA pre-approval in as little as 15 minutes.
To get started, please have these handy:
- A photo ID
- Income documentation for all household members
- Recent pay stubs
- Two months of bank statements
- The address of the property you’d like to buy (to confirm USDA eligibility)
