Benefits of a USDA Mortgage Loan

Zero Down

No Down Payment require with USDA

Location Eligible

You must live in a USDA eligible area

Discounted MIP

USDA mortgage insurance almost half

First Time Buyer

USDA loan requires very little if any out of pocket

FAQ About Using a USDA Mortgage Loan

USDA Guaranteed loans do not have set loan limits, but do have rather detailed income limits that are designed determine your maximum loan limit at 100% financing. 

The first thing you need to do is look up the address to see if it's located in a 100% USDA eligible area - Click Here for USDA Address Lookup

Under certain circumstances, you can finance your closing costs if you're buying using a USDA mortgage loan.

To be eligible to finance your closing costs, the appraised value must come in over the purchase price.  You can finance up to 104% of the appraised value of the home.

For most home buyers, this makes any remaining out of pocket cost incredibly manageable.

USDA mortgage loan guidelines allow 100% financing up to the appraised valued of the property, based on your income eligibility.

Any purchase price above the maximum you qualify for must be brought in as down payment.