USDA Home Loan Lending Options
The United States Department of Agriculture (USDA) gives out a variety of loans to help those with low to moderate incomes buy, repair or renovate a home in a rural area. Some of the most popular types of loans are the Single Family Direct home ownership loan, the Single Family Guaranteed home ownership loan, the Rural Repair and Rehabilitation loan or grant, and the Mutual Self Help loan. This guide will help you figure out what these loans are and whether or not you qualify for them.
Though the terms and details of each of these loans vary, they all offer very low, effective interest rates (some are as low as one percent) and don’t require a cash down payment. To qualify, you do need to have a decent credit history.
We’re here to make the USDA home loan process easy for you, with tools and expertise that will help guide you along the way, starting with our FREE USDA Loan Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you – whether you’re a first-time home buyer or a seasoned investor.
The USDA Loan Process
Here’s how our USDA home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs