USDA Loan

Mortgage guaranteed by the USDA for low-to-moderate-income buyers in eligible rural and suburban areas. Zero down.

USDA Rural Development loans are guaranteed by the U.S. Department of Agriculture for properties in eligible non-metropolitan areas. Most of the country qualifies, including many suburbs. Income limits apply (typically 115% of area median income). Zero down payment, plus the 1% upfront guarantee fee + 0.35% annual fee (similar to FHA but cheaper). Excellent first-time-buyer option for eligible properties.