The U.S. Government offers a number of mortgage products that are less restrictive and more affordable than conventional loans. One example.

This type of loan is good for homebuyers that are seeking a payment option with little to no down payments, as a USDA Loan can typically finance 100% of a mortgage. One of the main stipulations with this financing option is that the home purchase must be in an area classified as “rural” by the USDA.

USDA HOME LOANS with 100% Financing. USDA Home Loans with 100% Financing. Competitive rates. Low monthly mortgage insurance; Can be used to .

What Is a USDA Loan. The USDA loan program backs low-interest, fixed-rate mortgages for low-income Americans. These loans require zero or low down payments on homes in designated rural areas.. However, several suburban areas in or near major cities fall under the USDA’s broad definition of "rural."

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