USDA Rural Loans

USDA Rural Loans

The USDA Rural Housing Service has various programs available to aid low- to moderate-income rural residents to purchase, construct, repair, or relocate a dwelling and related facilities. USDA rural housing loan programs allow qualified homebuyers to get loans with minimal closing costs and no down payment.


  • No down payment requirement
  • Property must be located in an eligible rural area
  • Closing costs can be added to the loan amount (if the property appraises high enough to include it at up to 102% of the appraised value)
  • Loan government guarantee fee with no monthly guarantee fee
  • Low interest rates
  • Applicants with a wide range of credit profiles may qualify
  • Income eligible applicants who do not qualify for conventional financing may qualify
  • Families & individuals that have minimal funds for a down payment and closing costs. Includes first time homebuyers and repeat homebuyers
  • Seller concessions – 6% max
  • No cash reserve requirement
  • No Non-Allowable costs
  • No First Time Homebuyer Requirement
  • 30 Year Loan @ competitive fixed rate
  • No limit on gift funds


  • Property must be in very good condition and have a high insulation R-factor
  • You can not make over 50% of 115% of the median county income to qualify
  • Must be able to verify income limits