December 15, 2022
The USDA Loan is a mortgage option available to some rural and suburban homebuyers. USDA Home Loans are insured by qualified lenders and guaranteed by the United States Department of Agriculture. USDA loans are particularly favorable to those living in rural or low-income areas. USDA Loans offer $0 money down, lenient eligibility requirements and competitive interest rates, due to the loan being guaranteed by the USDA.
USDA mortgages standalone as the only mainstream zero money down program available to borrower that have not served in the military. Eligible borrowers will be hard pressed to find a home loan program that offers for favorable terms.