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USDA Loans

The USDA Loan Program

Two of the many benefits available with USDA Home Loans are no downpayment and no mortgage insurance on your home. We can help you take advantage of these benefits, but we cannot help those who are looking for Rural Housing Direct Loans, which are 100% financed directly through the US Government.

Most people in rural areas qualify for USDA loan benefits, but people living on the outskirts of a city or in a medium sized town may also qualify.

Quick look at USDA loan benefits

  1. Down payment not required! 
  2. No mortgage insurance payments!
  3. Very competitive 30 year FIXED rates.
  4. Very flexible credit guidelines, allowing credit scores all the way down to 620
  5. No maximum purchase limit.

Who is eligible?

Individuals or families who plan to occupy a home located in an eligible rural area as their primary residence may qualify for a USDA Rural Development home loan. As well as meet income and credit requirements set by the USDA.  Work with an experienced USDA lender, the nuances of this program are difficult for inexperienced lenders.  We work with this program and USDA underwriters everyday.

USDA Loan Guidelines

Some of the eligibility standards that determine if you qualify for a USDA loan for your home include what county and zip code the home resides in, your current income and credit history, as well as the number of dependents you can claim. Because these guidelines are very specific, it is important to work with a company that has experience dealing with USDA government financing. There are few loan options that permit no downpayment – do not miss out on your chance for homeownership.

The USDA Loan program is here to ensure that individuals of the rural communities can compete in the global economy. By allowing communities to obtain these loans they can put into place better community facilities and thus making it more enticing for people to move or relocate that area.