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USDA loans are available to buyers in certain geographic areas and often do not require a down payment.  

What is a USDA loan?

A US Department of Agricutlrure (USDA) loan is designed to give “low and moderate income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.” Contrary to its name, the USDA loan is not only available for those in an agricultural setting.

To use a USDA loan, applicants must meet income requirements and be purchasing a home for their own primary use in an eligible area. Potential homeowners can look up each property’s address to see if it qualifies or talk to a lender about using a USDA loan in their area. The loan can be used for new homes, existing homes, and even homes that need some renovations.

If coming up with a down payment is holding you back from your dreams of home ownership, a USDA loan may be just the answer you are looking for.

Have questions?  Give us a call! One of our mortgage specialists would be happy to answer all of your questions.

**Lift Home Lending is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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