No Down Payment Required
Qualified borrowers may be able to finance 100% of the home purchase price with no down payment.
Eligible Rural Areas
USDA loans are available for properties located in designated rural or eligible suburban areas.
Income Limits Apply
Borrower income limits are based on area median income and may vary by location and household size.
Reduced Mortgage Insurance
USDA loans may offer reduced mortgage insurance compared with FHA and some conventional loan programs.
Buy With Less Cash Upfront
No down payment financing may help eligible buyers purchase a home sooner without waiting to save a large down payment.
Affordable Area Opportunities
USDA financing can help buyers explore eligible rural and suburban communities that may offer more affordable housing options.
Competitive Monthly Payment
Competitive rates and reduced mortgage insurance may help qualified borrowers manage monthly housing costs.
Support for Qualified Buyers
USDA loans can help low- to moderate-income buyers access homeownership in eligible communities.