USDA Rural Development Loans
USDA loans help you get a home with no down payment.
- 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