Should I use a USDA mortgage loan to buy a home?

The USDA loan program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.

The USDA loan program is not always the best option for a buyer looking for a zero down loan or buyers that have $1000 dollars of their own money to put down

Borrower’s using a USDA loan are required to have a much lower debt to income ratio than borrowers using FHA or Conventional loan to buy a home.

The form below will help you find what is the best solution for your current situation! 

Search Down Payments and Grant Locator
Search for down payment assistance and home buying grants
  • Use a comma in between multiple counties i.e. Anoka,Hennepin,Orange
  • Use a comma in between multiple cities i.e. New York,Minneapolis,Dallas,Portland
  • Check any that apply.
  • Where would you like your reports sent?