USDA Home Loans supplies 100% financing for a home purchase, or refinancing in a USDA designated rural area. USDA home loans are guaranteed by the United States Department of Agriculture and are serviced by direct lenders that meet federal guidelines.
The USDA home loan program extends many financial benefits to those who qualify including no down payment for the purchase of a home. USDA home loans also come with no monthly mortgage insurance, flexible credit guidelines, and low interest rates. USDA home loan eligibility is based financial history and the property you are choosing to purchase.