USDA Loan
Zero down. Rural homes.
USDA Loans feature zero down payment options for eligible rural and suburban buyers, helping more households achieve homeownership with affordable financing.


USDA Loan
features
USDA Loan
Benefits
With no down payment required, USDA loans make it easier for eligible borrowers to purchase a home without the need to save for years.
USDA loans come with competitive interest rates and lower mortgage insurance costs, making homeownership more affordable.
USDA loans help low-to-moderate income borrowers, especially first-time buyers, access homeownership in areas that might otherwise be out of reach.
The favorable terms of USDA loans, including low interest rates and minimal mortgage insurance, can result in significant savings over the life of the loan.
FAQs
A USDA loan may take slightly longer than other loan programs to close—often 40 to 50 days—because it requires approval from both the lender and the USDA.
For a USDA loan, lenders typically request pay stubs, W-2s, tax returns, bank statements, and proof of residency. Self-employed borrowers may need to provide additional records.
Yes. USDA loans require an appraisal to confirm the home’s value, and the property must also meet USDA safety and livability standards.
To qualify for a USDA loan, borrowers must meet income limits for their area, have steady employment, and plan to live in the home as their primary residence. The property must also be located in an eligible USDA zone.
A USDA loan is a government-backed mortgage for homes in eligible rural and suburban areas. It offers zero down payment and competitive interest rates, which makes it popular with first-time buyers.
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