USDA Loans

A USDA loan is a mortgage program backed by the U.S. Department of Agriculture to promote homeownership in eligible rural and suburban areas. These loans offer benefits like no down payment, low interest rates, and reduced mortgage insurance costs.

Eligibility for a USDA loan depends on two main factors: property location and household income. The home must be located in a USDA-designated rural or suburban area, and your income must fall within the program's limits, which vary by region and household size.

Income limits vary by county, household size, and region. Generally, USDA loans are available to moderate- to low-income households. We can help you determine if your income qualifies.

No, USDA loans do not require a down payment. They offer 100% financing, allowing you to purchase a home without the upfront costs typically associated with a mortgage.

USDA loans are intended for primary residences. You can use them to purchase single-family homes, manufactured homes (in some cases), and certain condominiums in eligible areas. Investment properties or vacation homes are not eligible.

While USDA loans are flexible, most lenders look for a credit score of 640 or higher. If your score is lower, you may still qualify, but additional underwriting may be required.

You can use the USDA's property eligibility tool to check if a specific address qualifies. We can also assist you in determining eligibility during the loan process.