USDA Loans
Zero-down financing for homes in eligible rural and many suburban areas, built to make owning outside the big metros affordable.
A USDA loan is a zero-down mortgage guaranteed by the U.S. Department of Agriculture's Rural Development program. It covers rural and many suburban communities, including plenty of spots closer to town than people expect.
Two things drive eligibility: where the home sits, and what your household earns. Gene can check both before you fall for a property.
Zero down, with a catch or two
The draw is obvious. No down payment, which few loan types allow. In exchange, USDA charges a guarantee fee: an upfront amount plus a smaller annual one. That fee usually runs lower than the mortgage insurance on comparable low-down-payment loans.
Eligibility: location and income
The property has to sit inside a USDA-eligible area, and your household income has to fall under the limit for your county and household size. The USDA sets the maps and the limits, and they change over time, so confirm your eligibility with Gene rather than guessing.
A strong fit if…
- You're buying in a rural or eligible suburban area
- You want to buy with no money down
- Your household income is moderate for your area
- You want a lower ongoing fee than some other low-down options
Worth weighing
- The property must be in a USDA-eligible location
- Household income limits apply
- Generally limited to a primary residence, not investment property
Run your numbers
Compare other options
Is USDA the right fit for you?
Gene will look at your goals and compare your options with no obligation. Get pre-qualified or call to talk it through.