USDA Loans

USDA Loans — 100% Financing in Rural Areas

Buy a home with zero down payment in eligible rural and suburban areas. Low rates, reduced mortgage insurance, and flexible income requirements.

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What is a USDA Loan?

A USDA loan is a government-backed mortgage offered through the U.S. Department of Agriculture's Rural Development program. The program was created to promote homeownership in rural and suburban communities by offering 100% financing — meaning no down payment required.

Despite the name, USDA-eligible areas are more widespread than many people expect. Many suburban communities outside major cities qualify, covering a significant portion of the U.S. population. You might be surprised that your target neighborhood is eligible.

USDA loans come in two types: the Guaranteed Loan Program (for moderate-income borrowers, processed through approved lenders like Tiger Loans) and the Direct Loan Program (for very low to low-income borrowers, issued directly by USDA). Most homebuyers use the Guaranteed program.

Who Is It For?

USDA loans are perfect for buyers purchasing in eligible areas who have steady income but limited savings. Income must be at or below 115% of the area median income.

Rural area buyers
Properties in USDA-eligible areas
Suburban buyers
Many suburbs qualify — check eligibility
Low-mod income
Household income ≤ 115% area median
First-time buyers
No prior ownership requirement

Key Benefits

Zero Down Payment

100% financing — no down payment required for eligible properties

Low Guarantee Fee

1% upfront + 0.35% annual fee — far less than FHA MIP

Competitive Rates

Government-backed loan keeps rates lower than conventional

No Acreage Limit

Properties with modest acreage can still qualify

USDA Loan Details

Down Payment Minimum
0% — 100% financing available
Credit Score Minimum
640+ recommended (lower scores case-by-case)
Income Limit
≤ 115% of Area Median Income (AMI)
Property Location
Must be in USDA-eligible rural/suburban area
Upfront Guarantee Fee
1% of loan amount (financeable)
Annual Fee
0.35% of outstanding balance
Loan Terms
30 years fixed rate
Debt-to-Income (DTI)
29% housing / 41% total (with exceptions)
Property Types
Primary residence only · Must be modest in size

*Rates are for informational purposes only. Contact us for your personalized rate quote.

USDA Loan Eligibility

Two key factors: property location and household income. Both must qualify.

Borrower Requirements

  • U.S. citizenship or permanent residency
  • Stable and dependable income (2-year history)
  • Credit score 640+ (lower scores possible)
  • No bankruptcies in the past 3 years
  • No student loan default
  • Household income ≤ 115% of area median

Property Requirements

  • Located in USDA-eligible rural or suburban area
  • Must be your primary residence
  • Must be a modest single-family dwelling
  • No in-ground swimming pool (Guaranteed program)
  • Property must meet USDA condition standards
  • Market value may not exceed area loan limit

Frequently Asked Questions

Ready for 100% USDA Financing?

Check your eligibility in minutes. Our USDA specialists will verify your area and income qualifications at no cost.

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