About this loan
A USDA Loan is a government-backed mortgage for buyers in eligible rural and suburban areas. Offered through the U.S. Department of Agriculture, this loan provides 100% financing, meaning no down payment is required. It’s a great option for low- to moderate-income borrowers looking to buy a home in a designated USDA area, with lower mortgage insurance costs and favorable interest rates.
Why Choose This Loan?
No Down Payment: 100% financing options make homeownership accessible with no down payment.
Lower Mortgage Insurance: Reduced mortgage insurance costs compared to other loans.
Competitive Rates: Rates are often lower than conventional options, making monthly payments more affordable.
Ideal For: Buyers in rural or suburban areas meeting USDA eligibility requirements.
Interest Rates:Starting at 4.85% APR
Down Payment: 0% for eligible borrowers.