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 Online Payments
More and more people continue to take advantage of the USDA Home Loan due to the many benefits. It has become one of the most popular loan products available. No money down and flexible credit criteria are the main driving forces behind this loan product. There is a vast amount of information available about the loan but very little about the servicing of the loan, such as making your USDA mortgage payment online.
There are two types of USDA Loans: guaranteed and direct. The direct loan is where the borrower deals directly with a USDA office. The guaranteed is where the borrower deals with an approved USDA lender. The majority of the loans in this program are guaranteed because the criteria is not as limiting as with the direct program. The government doesn’t actually lend the money, they only insure or back the loan.
Since the government is not the lender, borrowers will not be making their house payment to the government. When a person is searching for information on a USDA online payment, they should actually be looking for online payment options for their mortgage company. Most of the more prominent mortgage companies have an online payment system available. If that cannot be found by searching the mortgage company's website, the best thing for someone to do is to call the service center directly and ask about repayment options. Typically the loan servicer’s toll free number is located on the mortgage statement, but it’s often just as easy to do a quick internet search.