USDA Rural Development Loans
Buy with no down payment in eligible rural and suburban areas.
USDA Rural Development Loans are government-backed mortgages designed to help eligible buyers purchase homes in designated rural and suburban areas. These loans offer 100% financing, meaning no down payment is required for qualified borrowers. With low fixed interest rates and affordable mortgage insurance, they are a valuable option for those looking outside major metropolitan markets.
USDA Loans Are Good For:
USDA loans are a great fit for first-time buyers or households with steady income who are purchasing in eligible rural or suburban areas. They’re ideal for borrowers with limited savings who want affordable monthly payments and are open to buying outside major city limits.
USDA Loan Details
USDA loans are issued by approved lenders and backed by the U.S. Department of Agriculture. They are intended to support homeownership in eligible rural communities and offer more flexible credit and income guidelines than many conventional loan options.
Qualified borrowers can purchase a home with no down payment required. USDA loans allow financing of up to 100% of the appraised value, making it easier for buyers to get into a home without years of savings.
Occasionally, there is a Homeownership Education Requirement that is designed to help future homebuyers navigate the home buying process. When homeownership education is required, a minimum of one occupying borrower must complete the Framework homeownership education course. This course is designed to help you understand homeownership and to help you set yourself up for homeownership success!
Secure your USDA Rural Development Loan At One of Our Branches
If you’re thinking about buying in a rural or suburban area, a USDA loan could be the key to getting there sooner. Our local loan officers will walk you through the process, help you check property eligibility, and provide support from start to finish. Let’s talk about making your homeownership goals a reality.
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