Call TODAY to speak with a USDA Home Loan Specialist (855) 474-7169 Primary Residential Mortgage

See if you qualify for a 100% Financing USDA Home Loan

What type of home loan are you looking for?
ZIP Code of the Property
What is the approximate loan amount?
What is your approximate credit score?
What is your name?
Last thing.
How can we contact you?
USDA Home Loan
★ Your information is secure and never shared. Read the privacy policy.

Benefits of Rural Home Loans

Numerous properties can be classified as rural housing and acknowledged by the USDA Rural Housing Loan Program. This program guarantees provincial housing loans for modest-salaried applicants for the purchase of single-family homes in rural settings. The legislature finances rural housing direct loans for low-salary families, and applicants may get 100% financing to purchase a home or purchase a site and build one. Rural housing insured loans can be used to manufacture, repair, or move a home. Applicants with a salary up to 115% of the median wage for the territory are qualified, however credit requirements are more stringent.

The USDA Rural Home Loan Program offers several benefits:

1. No down payment is needed. Down payments represent the biggest obstacle to purchasing a home.

2. You abstain from paying a month-to-month mortgage insurance. The month-to-month expense of a home loan insurance premium can be burdensome for many homeowners. USDA Rural Housing saves the buyer from that expense. 

3. The commitment to keep assets in reserve after the closing is waived. While its always great to keep some savings, the need to tie up some of your assets is eliminated with USDA loans. 

4. The seller can cover the closing costs, prepaid taxes, and insurance. The seller is allowed to contribute 6% of the purchase price for closing costs, prepaid taxes and insurance.

5. Currently, borrowers with a minimum credit score of 620 can be accepted. 

6. Loan terms omit a pre-payment penalty. 

7. Loans are amortized over 30 years.The ability to spread costs over time is key to any successful mortgage repayment. By allowing 30 year terms, the USDA Rural Home Loan Program gives the buyer the maximum amount of time possible to repay the loan.

To help you determine your eligibility for Rural Home Loan Program, the first step involves determining whether the dwelling is located in an acceptable area. The second evaluates your income eligibility. 

To qualify for a loan, the home must meet certain minimum inspection and value standards. You must have enough stable income to pay your debts on time and an acceptable credit score. Considering how easy the process is, a government-subsidized home loan may be a good option for you.

<< Back to the list.

Check Official USDA Loan Requirements

Get matched with a USDA lender and check your eligibility for 100% Financing.

Start Your Quote →




USDA Home Mortgages

Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
PRMI Privacy Policy
PRMI Terms of Use
PRMI Consumer Voice
PRMI Licenses

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

USDA Eligibility Map

A Loan Officer is waiting to talk to you.
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY