A strong option for eligible rural homebuyers
USDA loans can be among the best home financing options for qualified borrowers purchasing a home in a USDA-eligible rural area. Eligible buyers may receive up to 100% financing with no down payment, competitive rates and terms, and flexible credit qualification options.
USDA does not set a minimum credit score for its Guaranteed Loan Program, but lenders may have their own requirements. Household income limits, repayment ability, primary-residence occupancy and property eligibility also apply.
USDA guaranteed loans do not require conventional private mortgage insurance (PMI), but they do include an upfront guarantee fee and an annual fee. No down payment does not necessarily mean no closing costs.
Call Michael today at (702) 326-3612 to see whether you and the home you want to purchase may qualify for USDA financing.
What to know
USDA mortgage programs may help eligible borrowers finance an eligible primary residence in a qualifying area. Income limits, property eligibility and program-specific fees apply.
Start with a conversation
Tell me where the property is, how you plan to use it and what you want the loan to accomplish. I can help you understand which details lenders will review and compare available paths.
What is a USDA loan?
A USDA home loan is a mortgage backed by a U.S. Department of Agriculture program for eligible borrowers and properties in qualifying areas.