USDA Loan

The Rural Housing Service, part of the U.S. Department of Agriculture (USDA), offers mortgage programs with no down payment and generally favorable interest rates to rural homebuyers who meet the USDA’s income eligibility requirements. These loans are designed for families in rural areas. The government finances 100% of the home price, so no down payment is necessary, and discounted interest rates are available.

What are the USDA loan requirements?

You may be eligible for a USDA loan if:

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The home being purchased is a primary residence and in an eligible USDA area

Most rural areas and many developing suburban communities close to large cities meet this requirement

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You have U.S. citizenship or permanent residence

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You have a minimum credit score of 640

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You have a job and dependable income

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You have no late payments or collections in the past 12 months

USDA loan features:

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No down payment

Most USDA loans require zero down payment

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Low interest rate options

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More lenient credit restrictions

Minimum credit score of 640

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Eligible to first-time or repeat homebuyers

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Eligibility for many property types

Single family homes to eligibly condominium properties

Is a USDA loan right for you?

So you’re moving to the country and going to grow a lot of peaches — or maybe raise some goats. A USDA loan might be the perfect choice for you. With zero-percent down options and low interest rates, what more could you ask for? Here are some other things to consider when determining if a USDA loan is the right fit for you:

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You want to move to a rural area

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You don't have money for a downpayment

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You have a low credit score but want to buy a home

Minimum credit score of 640

Why choose SecurityNational Mortgage for your USDA loan?

We’re experts with deep experience in underwriting, processing, and closing on USDA mortgages. Let our professionals guide you through the experience!

This is not a commitment to make a loan, nor should it be construed as lending advice. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Company is an Equal Housing Lender NMLS# 3116.

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