United States
"USDA (U.S. Department of Agriculture))Loan"

What is USDA Loan ?

A USDA home loan is a competitively priced mortgage option that helps to make purchasing a home more affordable for low-income individuals living in designated rural areas. 

How a USDA Loan Works ?

USDA loans are low-interest mortgage and home improvement loans that low-income suburban and rural homebuyers can get with no down payment, although you’ll still need to pay closing costs.

Who is Eligible for USDA Loan ?

Homebuyers who acquire a primary residence in a non-urban location and whose household income does not exceed the average household income for the area are eligible for USDA loan.


Types of USDA Loans

The Guaranteed Loan and Direct Loan are two residential lending programs offered by the USDA. They’re available for single-family, multi-family, community facilities & preservation projects.

Income Limits for USDA Loan

The USDA mortgage program is limited to low and moderate income households. Income limits vary by county and household size. Use the USDA eligibility site to verify your income eligibility.

What is an Eligible Rural Area ?

To find out if a property you’re considering is eligible for USDA loan, use USDA Eligibility Site, you can enter a specific address for determination to review general eligible areas.

Cost of USDA Loan

USDA loans come with closing costs and USDA Loan program has no loan limits. USDA loans are available as 30-year fixed-rate mortgages with extended repayment periods of up to 38 years.

How to Apply for USDA Loan ?

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For a guaranteed loan, check out the USDA's list of approved lenders & for a direct loan, apply directly to USDA Rural Development.