USDA Loans offer flexible options with little or no down payment.

You may qualify for a USDA loan with less than perfect credit and with little or no down payment. 

What is a USDA home loan?

The United States Department of Agriculture, USDA, administers the program but does not actually loan money. Similar to loans backed by the Department of Veterans Affairs, VA, or Federal Housing Administration, FHA, these loans are guaranteed by the USDA.

Private lenders, such as banks or credit unions, still loan money to the home buyer but they know that the USDA will pay if the borrower is unable. This allows lenders to assume less risk, and as a result they are okay requiring less money down.

Who can use the USDA program?

Contrary to its name, the USDA loan is not only available for those in an agricultural setting. They are designed to help “low and moderate income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.”

To use the 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 here. The loan can be used for new homes, existing homes, and even homes that need some renovations.

If coming up with a sizable down payment is holding you back from your dreams of home ownership, this loan is a great solution.

What are USDA loan requirements?

Many of the same documents are required for a USDA loan that any potential lender will want to see: employment history, appraisal, debt-to-income ratio.  Additionally, the subject property must be located in an approved USDA location and maximum household income limits must be met.

• Household income limits apply and are based on location.
• Only available in certain areas. Talk to a specialist today to see if it is an option for you!
• Buy a home with no money down (primary home).
• Refinance up to 100% of your homes value.

Who Qualifies for a USDA loan?

In order to qualify, all loan applicants must meet certain loan requirements, including:

• Meet household income limits
• Good work history
• Verifiable income
• Credit score of 620+

Where are they available?

Available anywhere in the states we operate in.  Our dedicated teams of local mortgage brokers are ready to help you find the home loan that best suits your needs.

• USDA Loan Georgia
• USDA Loan Alabama
• USDA Loan Florida
• USDA Loan North Carolina
• USDA Loan South Carolina

Ready to get started?

If you are interested in learning more about USDA loans, we are here to answer all of your questions.  We will walk through the numbers and the process, from application to closing.

Complete our Quote Request below or call us at 404-303-7411 to take the first step.