Frequently Asked Questions

A USDA loan is a government-backed mortgage that helps eligible homebuyers purchase homes in rural and suburban areas with 100% financing and no down payment required.

Eligibility is based on income, location, and credit. Borrowers must meet income limits, the home must be in a USDA-eligible area, and a credit score of at least 640 is recommended.

USDA loans offer 100% financing (no down payment), low interest rates, reduced mortgage insurance costs, and flexible credit guidelines.

You can check USDA property eligibility using the official USDA map at USDA's website.

Income limits vary by location and household size. Generally, your household income must be at or below 115% of the area's median income.

USDA loans can be used for single-family homes that serve as your primary residence. Investment properties, vacation homes, and income-producing farms do not qualify.

Yes, USDA loans have a one-time upfront guarantee fee and an annual fee, which is lower than private mortgage insurance (PMI) required on conventional loans.

On average, the process takes 30 to 45 days, depending on the lender, documentation, and USDA approval time.

Yes, USDA loans offer streamlined and non-streamlined refinance options for existing USDA loan holders to reduce their interest rate or payment.

Start by filling out our simple pre-qualification form or contacting a USDA loan specialist to discuss your eligibility and next steps.

Have more questions? Contact us today to see if a USDA loan is right for you!