U.S. Department of Agriculture

What is a USDA Loan?

The USDA loans are mortgage loans for rural property owners. The loan option is great for someone who is looking to buy a home on land and out of the city.

Benefits of a USDA Loan

• 0% down payment.
• Credit scores as low as 580 may be accepted.
• Low to moderate income may qualify.
• Borrower must be a U.S. citizen, non-citizen U.S. national, or qualified permanent resident alien.
• Rural properties only (certain geographic eligibility requirements apply).
• Available for purchase, rate/term refinance, or streamline refinance.