United States Department of Agriculture Rural Development (USDA RD) Mortgage

Designed to encourage rural land development and growth in rural areas.

The USDA (United States Department of Agriculture) manages a program whereby a buyer can borrow
up to 102% of the home’s appraised value, thus eliminating a down payment.

This program is only available in certain non-urban geographic locations, but these sites
can include small towns and villages close to larger cities.

USDA loans are designed to encourage rural land development and growth in rural areas. They were long thought of as just for farmers, but the program has been expanded in recent years to give more people looking to purchase or refinance in a rural area access to the incredible benefits offered by these loans.

Applying for USDA Loans

We offer USDA Guaranteed Rural Housing Loans. These loans are designed to help families without adequate housing finance the purchase of a home in a rural area. Applicants may have incomes up to 115% of the area’s median income and must be able to afford mortgage payments, including insurance and applicable taxes.

The duration of a USDA Guaranteed Rural Housing Loan is 30 years, with an interest rate determined by the lender. No down payment is required, which sets these loans apart from more traditional home loans.

The maximum income limit depends on the cost of living, median income and other
economic characteristics of the county the property is located in.


  • Eligibility

    Property must be in a rural area as defined by the USDA
    Property is owner-occupied
    Second homes are not eligible
    Meet the income restrictions for the county the property is located in

  • Benefits

    100% financing option
    No down payment needed
    Great rates and down payment options
    Better terms than a FHA or conventional
    Flexible credit guidelines