USDA Mortgage
Home lending for beautiful places out in the country.
USDA/Rural development loans are for homes located in eligible rural areas determined by the US Dept. of Agriculture. This program offers fully-amortizing, fixed-rate mortgage financing and is guaranteed by the U.S. government.
USDA mortgages require no down payment, offer more favorable qualifying criteria, and options for those with less-than-perfect credit or no formal credit history. When you apply for a mortgage backed by the United States Department of Agriculture (USDA), you'll still want to determine how much you can afford on a monthly basis and shop for competitive interest rates, just as any potential homeowner would.
There are some income limitations on a USDA loan. Visit the USDA's website for an automated income eligibility calculator or speak with one of our loan officers to learn more.
FEATURES YOU'LL LOVE:
- Purchase a new home with no down payment
- The USDA/ Rural development loan is available as a fixed-rate mortgage for properties located in eligible rural areas
- No prepayment penalty
- Affordable interest rates and loan terms
Mortgage calculators
You may also be interested in:
A lending expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
Available on primary residence only
The Guaranteed Rural Housing (GRH) offers fixed-rate mortgage financing guaranteed by the U.S. government through USDA Rural Development. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice. Refinances permitted only for existing GRH loans.