USDA loans are government-backed mortgages designed to make homeownership attainable in eligible rural and suburban communities. For borrowers who meet the program's property location and household income requirements, USDA financing can offer 100% financing with no down payment.
Benefits of USDA Loans
- No down payment for eligible borrowers
- Competitive fixed interest rates
- Flexible credit guidelines
- Mortgage insurance costs that are often lower than comparable programs
- Purchase and refinance options
USDA Loans May Be Ideal For
- Buyers purchasing in an eligible rural or suburban area
- Households within the program income limits
- First-time homebuyers with limited savings
- Borrowers seeking 100% financing
See If Your Address Qualifies
Eligibility depends on the property's location and your household income. We'll check both before you go any further.