Loan Requirements for USDA Mortgages

Qualifying for a specialty mortgage like a USDA loan requires certain details. See if you qualify for a USDA loan here.


Location Eligibility

USDA-eligible properties must be in rural areas, but the good news is that the USDA’s definition of rural is much broader than what most people imagine. The USDA defines a rural area as one with a population of less than 10,000 or a population of less than 35,000 and a serious lack of mortgage credit. Approximately 97% of land in the United States qualifies for a USDA home loan, including some suburban areas surprising close to the city limits. To see if your property is eligible, use the USDA’s eligibility site.

Minimum Down Payment

USDA loans, along with VA loans, are one of the few loans that require no down payment. USDA home loans are guaranteed by the U.S. government, which means if you were to default on your payment, the USDA would cover your lender's loss. The decreased risk allows banks and mortgage companies to offer low interest rates and require zero down payment.

Start Your USDA Loan

Getting your loan journey started is as easy as reaching out to a loan officer. A licensed member of our team will be happy to help you navigate this path.