USDA Home Loan 

A USDA loan stands for the United States Department of Agriculture. They have backing from the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan Program. They are available to home buyers with low-to-average income for the area in which they live. 

Benefits of a USDA Loan: 

This loan program is a great option for borrowers who want to purchase or refi their current USDA home loan. USDA loans are for homes located in rural areas. Other than the VA Loan Program, this is the only other loan you can get with zero money down. It is an excellent option for those with low to moderate-income with less than perfect credit. Payments are kept very affordable.   

  • No down payment

  • Credit scores down to 600

  • No maximum purchase price

  • Up to 50% debt to income ratio

  • Easy to use gifts for closing costs

  • Allows for 6% seller paid closing costs