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What is a USDA Home Loan?

usda_logo_4jrq_9adcUSDA Home Loans offer 100% financing to qualified borrowers. Through the USDA Loan home buyers have access to low rates, lenient eligibility requirements and 100% financing – due to the loan being guaranteed by the United States Department of Agriculture.

The USDA Loan is also known as the USDA Rural Development Guaranteed Housing Loan, or Section 502 Loan, due to the focus on rural home buyers and many suburban home buyers. Although the program is guaranteed by the USDA, the guaranteed loan is not funded by the USDA.

USDA mortgages stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a home loan program that offers more favorable terms.

What are the Benefits of a USDA Home Loan?

  • 100% Financing, No Down Payment Required
  • Fixed Rate Mortgage
  • Can be used for New Homes, Foreclosures, Existing Homes, Mobile Homes, New Construction, Farm & Ranch
  • Simple Approval Requirements
  • Available to Everyone
  • No Prepayment penalties
  • Can get cash back for Repairs or Improvements
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