USDA Loans

USDA Loans

Qualify for a USDA Loan

USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. USDA loans can be used in rural areas, but many suburban areas remain eligible for the program as well. Determine whether you are eligible by entering the property’s ZIP Code into our Loan Score Calculator.

USDA loans offer no-money-down financing which make them very popular. Borrowers can finance 100% of a home's purchase price, and can even use the loan proceeds to help purchase a manufactured home or modular home. USDA loans are guaranteed against loss by the U.S. Department of Agriculture - this no risk factor allows lenders to offer very low rates to qualify borrowers. They are of very little risk to banks that offer them as well.

USDA mortgage rates are typically lower than the rates for FHA loans, VA loans, and conventional mortgages via Fannie Mae and Freddie Mac. There are limits based on the borrower’s max income. USDA loans can be big money-savers, and they're available to first-time home buyers as well as repeat home buyers. Homeownership counseling is not required to use the USDA home loan program.

There are several distinct benefits that USDA loans provide over FHA or Conventional loans, but sometimes other types of loans will do better. Compare your specific USDA results to Conventional or FHA loan results to evaluate the relative advantages and disadvantages of each program, then present your scenario to top USDA lenders to receive actual loan quotes if you wish.

Start here with your ZIP Code (we never ask for your Social Security Number):


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