What Are My USDA Rural Home Loan Options?

The USDA Guaranteed Loan Program provides one of the most affordable loan programs to Americans today. This is a great program for those that qualify because it is a 100% financing program, meaning there is no down payment required. USDA Home Loans can be used to purchase or refinance your home.

Benefits of Using an USDA Loan

  • No money down
  • Low monthly mortgage insurance
  • Low interest rates
  • Easier credit qualification
  • No prepayment penalty
  • 15, 20, and 30 year fixed-rate options

How do I know if I qualify for a USDA Rural Home Loan?

Rural Housing Loans are now easier to qualify and are a financially secure option for any homeowner. Financing depends on two factors and does have some limitations including the location of the home and the total combined income of the household.