USDA (United States Department of Agriculture)
Government Institution
The United States Department of Agriculture (USDA) has been providing zero down purchase and refinance mortgage options for homebuyers in designated rural areas since 1991. Through its Rural Development housing programs, the USDA offers competitive 100% financing solutions to eligible borrowers and is comparatively much more affordable than other government-backed programs.
First Mortgage Programs Offered by USDA (United States Department of Agriculture)
USDA Purchase Loan
Best For: Zero Down, Easy Process
Home loans with up to 100% financing and lower mortgage insurance for low to moderate income homebuyers in eligible rural areas.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$766,550
USDA Refinance
Best For: Limited Equity, Rate Reduction, Zero Down, Easy Process
Refinance your existing USDA loan up to 100% of value for low to moderate income homebuyers in eligible rural areas.
Min. Credit Score
620
Min. Equity
0%
Max. Loan Amount
$285,000 - $970,800
See If You Qualify for USDA (United States Department of Agriculture) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by the USDA or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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