USDA Loans
USDA home loans are guaranteed by the U.S. Department of Agriculture's Rural Development program. They help low- and moderate-income buyers purchase a home in eligible rural and many suburban areas, and USDA does not require a down payment for qualified borrowers.
Key features
- No down payment required by USDA for qualified borrowers
- The home must be in a USDA-eligible area. Many small towns and suburbs outside major cities qualify.
- Household income must be within USDA limits for the county.
- The home must be your primary residence.
- USDA charges an upfront guarantee fee and an annual fee, which are usually lower than FHA mortgage insurance.
Check your eligibility
USDA publishes its eligibility map and income limits online, and we can check an address for you. Call us or start an application and we'll tell you whether USDA fits.