USDA Home Loans
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USDA Home Loan
A USDA home loan is a no down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
The USDA home loan program helps over 100,000 families purchase and upgrade their homes in a typical year. The program is designed to help Americans in suburban and rural areas. It offers low interest rates and no down payments, and can be flexible with less than perfect credit.
Qualifying for a USDA-backed mortgage
USDA guaranteed home loans are only for owner-occupied primary residences.
A monthly payment
Acceptable credit report
Get preapproved for your home loan
Eligible home locations
Metropolitan areas are generally excluded from USDA programs, but may be available in certain suburbs. Rural locations are always eligible.