If you’re buying a home in a rural community, you could qualify for a no-money down financing program through the Rural Housing Service (RHS), an agency of the U.S. Department of Agriculture (USDA). USDA loans offer flexible downpayment funding options, making home ownership affordable for many rural dwellers.

USDA Loans are especially attractive to…

  • First-time homebuyers or borrowers with limited funds for downpayment and closing costs
  • Low-to moderate-income buyers

Loan Features

No downpayment requirement

Qualified borrowers may be able to finance up to 100% of the purchase price with no downpayment required on certain loan products.

Favorable loan terms

A USDA loan is available as a fixed rate loan so the payments stay the same throughout the life of the loan.

No prepayment penalties

Pay off the loan in full whenever you’re ready, or make bigger monthly payments to pay down the balance sooner without incurring any fees or penalties.