USDA Loans

USDA loans help you get a home with no down payment.

QUICK HIGHLIGHTS:

• No down payment required
• Available for single-family primary residences
• Residences must be in eligible suburban or rural areas
• Eligible borrowers can't exceed the program's household income limits
• Upfront guarantee fee (1% of the loan amount) is financed into the mortgage
• Annual fee (0.35% of the principal balance) is paid in 12 installments as part of each monthly mortgage payment