USDA Loans
Affordable home financing in eligible rural and suburban areas.
What are USDA Loans?
USDA loans are backed by the U.S. Department of Agriculture to encourage homeownership in eligible rural and some suburban communities.
They are designed for low- to moderate-income households and can offer financing with no down payment.
Benefits
- No down payment required
- Competitive fixed rates
- Lower mortgage insurance costs than many other programs
- Flexible credit guidelines
- Closing costs can often be financed within limits
Requirements
- The home must be in a USDA-eligible area
- The home must be your primary residence
- Household income must be within program limits
- Reliable income and acceptable credit history
- An upfront guarantee fee and a lower annual fee
Frequently asked questions
Is a USDA loan only for farms?
No. It covers eligible single-family homes in qualifying rural and some suburban areas.
Is a down payment required?
Most borrowers do not need one.
How do I know if an address is eligible?
We can check the property address against USDA's eligibility map.
Are there income limits?
Yes. Limits depend on household size and location.
Programs, rates and eligibility are subject to change and to underwriting approval. This page is general information and not a commitment to lend.
Get pre-approved for a USDA Loan today
Register through our secure online application and get your pre-approval or rate quote faster.