Fixed Rate Loan: 30 Year Term
A USDA home loan offers a 0% down payment for eligible properties and home buyers. To be eligible for this loan, the home buyer must purchase a home located in an eligible rural area, as defined by the USDA.
- Low, fixed rates
- No down payment required
- Minimum credit score of 640 to qualify
- Maximum debt-to-income ratio of 41% to qualify
- Monthly Mortgage Insurance (MMI) required
- USDA Loan Guarantee Fee can be rolled into the loan
To see if your home is located in a USDA eligible area, click here.