USDA Loans

Are you looking to finance a property in a rural or suburban area with a population of 10,000 or less? If so, USDA mortgages may be worth considering. Eligibility is based on income and location, and the loan does not require you to purchase a farm or ranch.

4.7

6,800+ Google reviews

4.9

1,700+ Zillow reviews

4.8

1,500+ BBB reviews

← Back to Home Mortgage Types

To qualify, you need

Dependable income, typically two years' worth of steady employment
To be within the loan guarantee income limit for the county in which you live
To occupy the home as your primary residence

Advantages

No down payment
Flexible credit requirements
Competitive fixed interest rates
Low private mortgage insurance (PMI)
No maximum mortgage amount (amount is based on your income)
Finance 100% of home's appraised value

What you need to know

Again, location is key. The USDA website can help determine if the property you are interested in falls within a USDA eligible area. Be sure the property is a condo, manufactured home, unit development, or single-family home.

While there are many benefits to enjoy, there are also fees involved, including an upfront mortgage insurance premium and an annual mortgage insurance fee. These fees are far less than what you'd pay in FHA mortgage insurance premiums, so it's a loan program that's definitely worth consideration.

Get started today. Make the call to (800) 910-4055, or complete the online application. Let our expert team guide you through your USDA loan.

Pre-qualify for free

What type of loan program are you interested in?

Purchase

Refinance

Reverse mortgage

First name

Last name

Email address

Phone number

By submitting this form, I am allowing American Financing to contact me, including through the use of an automated dialer, voice or text, at the number above, even if my telephone number is listed on any Do-Not-Call list. Alternatively, I can choose a day and time that's most convenient for me. I understand that I do not have to consent to receive such calls or text messages in order to purchase goods or services from American Financing. I also understand that American Financing does not share my contact information with affiliates or third parties.

Home mortgage types

Your Term, Your Mortgage

Adjustable Rate Mortgage