USDA Loans

For properties being financed in a designated rural area

With a USDA home loan, qualified buyers can purchase homes in USDA-approved rural areas for no money down.

USDA requires the property being financed to be in a designated rural area. However, "rural" doesn't have to mean remote farmland. Some suburban communities qualify. Plus, USDA loans can apply to a wide range of single-family residences, like homes in gated communities, townhomes, and some condos.*

*Must be the borrower's primary residence; second homes and investment properties are not eligible. Household income limits apply and vary by household size and location.

Check if your listing is within an eligible area:arrow

Advantages of a USDA loan:

  • No down payment required
  • No first-time homebuyer requirement
  • Good solution for homebuyers with limited or moderate incomes
  • Flexible credit qualification criteria
  • Lower interest rates than conventional loans
  • Lower mortgage insurance costs than FHA loans
  • Allows the seller or gift funds to cover closing costs
  • Easy to refinance an existing USDA loan, even with reduced home value

Want to learn more? Contact one of our Loan Officers today for guidance if USDA is the right fit for you.

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