What is the USDA Home Loan Program?

The USDA Guarantee loan is a 100% financing mortgage for moderate-to-low-income homebuyers in eligible rural and suburban areas.

USDA Home Loan Benefits

• Zero down payment
  
  
• Low mortgage rates
  
  
• Low PMI (mortgage insurance)
  
  
• 30 year and 15 year fixed rate options available
  
  
• Easier to qualify for than conventional mortgages

USDA Loan Requirements

• Meet the income limit
  
  
• Be a U.S. citizen or qualified alien
  
  
• Must be your primary residence
  
  
• Pay your bills on time consistently
  
  
• The property must be in an eligible location You can check the USDA
  Property eligibility.
  
  
• Work with a USDA-approved lender
  
  
• Must wait 36 months after a bankruptcy/foreclosure to qualify
  
  
• Have an adequate credit score for the loan