USDA 30-Year Fixed Purchase Loan Program


You can purchase your next home in a designated rural area with no money down with the USDA Purchase Loan Program. These loans are eligible in a wide range of non-metropolitan statistical areas, including many suburbs.

This unique loan program is offered through the Rural Housing Service, an agency of the U.S. Department of Agriculture and designed to assist low and moderate-income rural residents by providing better access to affordable housing finance options including little or no out-of-pocket costs in eligible areas.

-Available to low- and moderate-income borrowers whose adjusted income is equal to or less than 115% of the area median income

-For properties located in a designated rural area as determined by the U.S. Department of Agriculture:

-Owner-occupied primary single family non-farm residences, FHA approved condos and PUDs

-No maximum debt to income ratio

-Finance up to 100% of the market appraised value, including all recurring and non-recurring closing costs with no mortgage insurance

-Credit scores as low as 620

-No asset or reserve requirements and gift funds are allowed

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.

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