USDA Home Loans
- MCM Mortgage
- Nov 10
- 1 min read
What Is a USDA Loan?
A USDA Loan is a government-backed, no down payment home loan that allows low-to moderate-income households to get up to 100% financing for their primary residence. Whether you're looking to buy, build, repair, or renovate, 91% of the United States is within the USDA mortgage boundary, so your opportunities are practically endless.
How does a USDA rural development loan work?
Since the USDA rural housing loan program is designed to help people in rural areas who are eligible become homeowners, there are borrower participation requirements, including:
Being a U.S. Citizen, U.S. non-citizen national, or a qualified Alien
Meeting income eligibility standards
Occupying the home as your primary residence
In addition to the above requirements, the property must be located in a USDA-defined eligible rural area and meet USDA eligibility requirements. You just might be amazed to see how many small towns and even some areas close to cities that even qualify for this loan.
Let's Talk About Qualifying for a USDA Loan
If this USDA Home Loan article was insightful and has you motivated to see your rural eligibility options, it's time to meet with one of our experienced USDA Specialists.
MICHAEL RANDLE
Mortgage Broker
MCM Mortgage, LLC
NMLS #1387865
214-733-1058
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