USDA Loans are offered through the Rural Housing Division of the US Department of Agriculture. USDA Loans were created to facilitate housing and development in America’s rural areas. The USDA offers mortgage loans so that those people are not forced to move and can afford housing in the rural areas they want to live in. USDA Rural Development loans are one of the last remaining 100% financing programs left. The government offers the zero money down option so that rural borrowers, who may be renting, can have access to affordable mortgages. That is why the USDA does not require any down payment on their rural housingmortgage loans. USDA Rural Development loans are the perfect way to finance your rural property without coming up with a down payment.

Some of the USDA Loan program highlights include:

  • 100% Financing – No Down Payment Required
  • No Mortgage Insurance
  • No Cash Reserves Required
  • Low Fixed Rates
  • Unrestricted Gifts
  • Loans to $417,000
  • Purchase or Refinance
  • Excellent Credit Not Required

Along with the benefits above any closing costs and prepaid expenses not covered by the seller can be financed in, if the appraisal supports it, with a USDA Rural Housing Loan.