USDA Loans

Make Your New Home A Reality

United States Department of Agriculture (USDA) home loans are low-interest mortgages with zero down payments designed for low-income Americans.  USDA loans are used to buy a home in a designated area that covers several rural and suburban locations.

One of the greatest benefits of USDA loans is that they do not require a down payment. You are able to finance 100% of the purchase price of the home. Mortgage insurance is required with USDA mortgages.

USDA loans like all mortgages will have closing costs and other fees associated with it. You can expect to pay between 2%-5% of the purchase price in closing costs. USDA does allow for the seller to pay up to 6% of these costs. If you cannot afford to pay upfront for the costs you should consult your real estate agent about asking the seller to contribute to your closing costs.

USDA Loan Benefits:

  • No down payment

  • 100% financing

  • Low mortgage insurance premium

  • Competitive mortgage rates

  • Great for low income households

USDA Loan Requirements:

  • 640 credit score minimum

  • Property located in USDA eligible location

  • Income limit of 115% of the area median income

  • 2 years of steady employment

  • No mortgage late payments in last 30 days


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Subject to credit approval.