There are two types of direct USDA loans: 502 and 504 loans. A 502 loan is used to purchase an existing home, and a 504 loan allows the borrower to make updates or improvements on a home.

A USDA loan might be right for you if you are looking to purchase a home in a rural area and meet specific eligibility criteria. These loans typically require no down payment, making them an ...

In fact, only 118,000 home buyers used a USDA loan in 2022, accounting for a very small portion of the over 16 million loans issued that year. Still, if you qualify, there are notable benefits to ...

You might also be surprised to learn that most of the U.S. landmass meets the requirements for USDA eligibility, home to over 100 million Americans.

USDA rural home loans (often called USDA Rural Development loans) remain fully available in 2025 for Maryland homebuyers. These mortgages offer 100% financing (no down payment) with competitive ...

The U.S. Department of Agriculture Rural Development is offering 4.25 percent interest rates in its Section 502 Direct Home Loan Program. Under the program, families and individuals may receive a ...

Together these soon-to-be ineligible communities represent 19.45 percent of the $330 million in USDA guaranteed home loans in Oklahoma in fiscal 2013, McMullen said.

"Our community’s eligibility for USDA loans will allow more families and individuals to qualify for homeownership and continue revitalization opportunities," said Jodi Miller, Freeport mayor ...