USDA mortgage loans provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve homeownership by offering a no-down-payment option.

Highlights of USDA mortgage loans include:

• The ability to finance up to 100% of the appraised value

• The ability to finance the up-front portion of the guarantee fee

• Lower credit score requirements

• Lower interest rates

• Lower closing costs

• The ability to use gift funds for closing costs

• 30-year fixed-rate mortgage terms