[vc_row full_width=”stretch_row_content”][vc_column][lp_section_banner select_bk_image_type=”1″ external_bk_link=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/usda-background.png” external_bk_link_webp=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/usda-background.webp” lp_banner_title=”USDA Loans are Available!” lp_banner_sub_title=”Receive a quote on a USDA loan today.” alt_title=”USDA Loans are Available!” select_image_type=”1″ external_link=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/nitro/usda_img_01.png” external_link_webp=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/nitro/usda_img_01.webp” bk_alt_title=”USDA Loans are Available!” lp_banner_funnel_text=”I Want My FREE USDA Loan Quote” lp_banner_funnel_url=”https://mainemortgage.com/funnels/jrose-usda-rates-site-7669.itclix.com” lp_banner_wrap_class=”loan-visual” extra_class_name=”loan-visual”][lp_primary_content lp_content_title=”Buy a Home Outside the City Limits with USDA!” select_image_type=”1″ external_link=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/loan-image15.webp” external_link_webp=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/loan-image15.webp” alt_title=”Buy a Home Outside the City Limits with USDA!”]
The United States Department of Agriculture (USDA) gives out a variety of loans to help low- or moderate-income people buy, repair or renovate a home in a rural area. Some of the popular types of loans are: the single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan. This guide will help you figure out what these loans are and whether you qualify.
Though the terms and details of these loans differ, all offer very low effective interest rates (some are as low as 1 percent) and don't require a cash down payment. To qualify, you need to have a decent credit history.
We're here to make the USDA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE USDA Loan Qualifier.
We'll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you're a first-time home buyer or a seasoned investor.
Here's how our home loan process works:
[/lp_primary_content][lp_secondary_content lp_title=”Why a USDA Loan?” select_image_type=”1″ external_link=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/loan-image16.png” external_link_webp=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/crush/loan-image16.webp” alt_title=”Why a USDA Loan?” lp_funnel_text=”USDA Loan Qualifier” lp_funnel_url=”https://mainemortgage.com/funnels/jrose-usda-rates-site-7669.itclix.com”]
There are many benefits, including: no down payment required; borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment. Additionally, the USDA Loan allows borrowers to use a gift or grant to go toward their mortgage.
[/lp_secondary_content][page_link title=”Your Home Loan Could Be Fully Funded 30 Days From Now” select_image_type=”1″ external_link=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/nitro/usda_img_04.webp” external_link_webp=”https://ba83337cca8dd24cefc0-5e43ce298ccfc8fc9ba1efe2c2840af0.ssl.cf2.rackcdn.com/nitro/usda_img_04.webp” box_repeater_items=”%5B%7B%22box_repeater_items_page%22%3A%220%22%2C%22caption%22%3A%22Fixed%20Rates%22%7D%2C%7B%22box_repeater_items_page%22%3A%221%22%2C%22caption%22%3A%22Adjustable%20Rates%7B%7Bbr%7D%7D%20Mortgage%20(ARM)%22%7D%2C%7B%22box_repeater_items_page%22%3A%222%22%2C%22caption%22%3A%22Conforming%7B%7Bbr%7D%7D%20Loans%22%7D%2C%7B%22box_repeater_items_page%22%3A%223%22%2C%22caption%22%3A%22Jumbo%20%26amp%3B%20Super%7B%7Bbr%7D%7D%20Jumbo%20Loans%22%7D%2C%7B%22box_repeater_items_page%22%3A%224%22%2C%22caption%22%3A%22FHA%2C%20VA%2C%20%26%20USDA%7B%7Bbr%7D%7D%20Loans%22%7D%2C%7B%22box_repeater_items_page%22%3A%225%22%2C%22caption%22%3A%22Terms%20from%205%20to%7B%7Bbr%7D%7D%2030%20Years%22%7D%5D”][vc_section_cta lp_desc=”Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:” title=”Get Your FREE USDA Loan Quote Now!” lp_button_text=”I Want My FREE USDA Loan Quote” lp_button_url=”https://mainemortgage.com/funnels/jrose-usda-rates-site-7669.itclix.com”][/vc_column][/vc_row]
