What REAL People Are Saying

USDA Home Loan House

What is a USDA Home Loan?

USDA Home Loans are the only no money down option available to non-military homebuyers. Through Section 502 Guaranteed Rural Home Loans, buyers have access to low rates, less stringent eligibility requirements, and 100% financing. This is all made possible because the loan is guaranteed by the United States Department of Agriculture.

What is a USDA Home Loan?

USDA Home Loans are the only no money down option available to non-military homebuyers. Through Section 502 Guaranteed Rural Home Loans, buyers have access to low rates, less stringent eligibility requirements, and 100% financing. This is all made possible because the loan is guaranteed by the United States Department of Agriculture.

USDA Home Loan House
USDA Home Loan Neighborhood

Why Was it Created?

The USDA developed the Section 502 Rural Home Loan to entice families to move from metropolitan areas and to build up rural communities.

It is important to note that there are many eligible areas for the USDA home loan program. Approximately 97% of the United States land mass is eligible for USDA and many families we speak to are surprised that they already live in an eligible area.

Am I Eligible

Yes!

Any individual or family who plans to occupy a home located in an eligible USDA area as their primary residence may qualify for the Section 502 Guaranteed Rural Home Loan. All applicant(s) for the USDA home loan must provide sufficient income verification and a credit history that indicates an ability and willingness to meet repayment obligations.

Couple that utilized the USDA Home Loan
Couple that utilized the USDA Home Loan

Am I Eligible

Yes!

Any individual or family who plans to occupy a home located in an eligible USDA area as their primary residence may qualify for the Section 502 Guaranteed Rural Home Loan. All applicant(s) for the USDA home loan must provide sufficient income verification and a credit history that indicates an ability and willingness to meet repayment obligations.

USDA Home

USDA Interest Rates

502 Rural Development Guaranteed Loans are backed by the United States Government.  This is why lenders do not have to add major risk adjustments to their pricing like they do on conventional and FHA loan products. This results in competitively low interest rates. Eligible borrowers find that rates are generally lower with the USDA loan program when compared to conventional and FHA loan programs.

A pre-qualification provides an estimate of what you can afford based on the information you provide to your loan specialist. It gives you a starting point of what purchase price you can afford. Fast, Simple, and Free, you can be ready to make an offer on your home as early as today!