USDA Rural Home Loans

A USDA guaranteed home loan is designed to assist low-to-moderate income homebuyers in designated rural communities. The program was created in 1991 in an effort to boost homeownership in rural areas and offer incentives to relocate.

  • 100% financing
  • No loan limits
  • One-time 1.00% upfront Guarantee Fee, .35% monthly Guarantee Fee - if appraised value exceeds sales pricing, Guarantee Fee may be financed.
  • No down payment required
  • Up to 6% for Seller Contributions
  • Maximum loan amount up to 102.75% of appraised value
  • No monthly mortgage insurance
  • 620 minimum FICO score
  • Household income considered, not just borrower on note - must meet USDA's income guidelines.
  • Borrowers may not own other property
  • Eligible properties
    • Single family, condominiums and town homes (must be agency approved)
    • No “income-producing” properties, i.e. farms
  • For property & income eligibility go to

USDA loans are available for purchase or refinance. We offer a standard USDA Refinance.