Rural Housing (USDA) Loan


Forget the city life.

It’s better in the country. That’s why you want to live in a rural community. The United States Department of Agriculture (USDA) subsidizes qualified borrowers through the Rural Housing Loan. The USDA determines what “rural” means, and that varies widely by state. But if you’re eligible, you can qualify for lower monthly payments and you don’t need money for a down payment. You’ll also spend less time in traffic driving to the closing.

Key Features:

  • Available as a 30-year option with a fixed rate
  • Finance 100% of your home with no down payment requirement
  • No mortgage insurance means you have lower monthly payments
  • The loan’s income eligibility cap varies by community


Down Payment None
Terms 30 years, fixed rate
Credit Score 640 minimum
Mortgage Insurance No*
Maximum Loan Limit Yes, varies by county
*Up-Front Guarantee Fee financed into the loan.

Eric LaFleur MLO165839 • Company NMLS #1936