USDA Loans
Zero down payment mortgages for eligible rural and suburban homebuyers. Low mortgage insurance and competitive rates – perfect for buying outside metropolitan areas.
USDA Loan Guidelines
Loan Parameters
- Min Loan AmountNo minimum
- Max Loan AmountVaries by county income limits
- Loan Terms30 year fixed only
- ARM OptionsNot available
- Max LTV100% (zero down payment)
- Upfront Guarantee Fee1% of loan amount
Borrower Requirements
- Min Credit Score640 (flexible)
- Down Payment0%
- Debt-to-Income RatioUp to 50%
- Income Limits115% of area median income
- OccupancyPrimary residence only
Property Requirements
- Property TypesSFR, Condo, Townhome
- Eligible AreasUSDA-designated rural/suburban
- Appraisal RequiredYes (USDA-specific)
- Property ConditionMust meet USDA standards
Why Choose a USDA Loan?
Zero Down Payment
Buy a home with $0 down – perfect for buyers with limited savings.
Low Mortgage Insurance
Lower MI rates compared to FHA and conventional loans.
Flexible Credit
Credit scores as low as 640 accepted – sometimes lower with compensating factors.
Competitive Rates
Rates are often lower than conventional loans due to government backing.