Created to encourage homeownership in rural and developing communities, the USDA loan offers qualified buyers a path to a home with zero money down. If you’re buying in an eligible area, it’s one of the most affordable ways in.
Why Buyers Choose It
- 100% financing. Qualified buyers can purchase with nothing down.
- Open to everyone. First-time and repeat buyers both welcome.
- No counseling course. Unlike some programs, there’s no homeownership class to complete.
What It Takes To Qualify
- Creditworthiness, generally a score of 640 or higher
- Steady, reliable income
- A clean recent payment history, typically 12 months with no late payments or collections
- Household income at or below 115% of the area median
- The home as your primary residence
- A property located in a designated rural area