USDA loans are mortgages backed or funded by the U.S. Department of Agriculture. Also called USDA rural development loans or rural housing loans, USDA home loans feature low or no down payments and… ...

USDA home loans are designed to help people in rural areas achieve homeownership. You must use the home as your primary residence and move in within 60 days of closing.

What are the benefits and drawbacks of a USDA home loan? For rural homebuyers who don’t have much saved for a down payment, a USDA mortgage with 100% financing could be ideal.

The USDA has awarded six low-interest loans to local governments and community organizations that will spur rural economic development in five states. Skip to content × ...

You can use a USDA loan guarantee to build, improve or relocate your home in an approved rural area. To be eligible for a USDA loan guarantee, you need a credit score of at least 620 and a debt-to ...

A USDA loan is for low- to moderate-income borrowers who buy a home in rural or suburban United States. USDA loans don't require any down payment, but you'll probably need at least a 640 credit score.

Rural Development—Iowa Division has recognized United Bank of Iowa (UBI) as one of the state’s top lending partners via the Single Family Housing Guaranteed Loan Program. Deputy State Director Henry K ...

FREEPORT, Ill. — A last-minute exception from the Department of Agriculture (USDA) allows Freeport to continue receiving critical housing resources. Announced by Congressman Eric Sorenson (IL-17 ...

Rural Development’s Section 502 direct-loan and Section 504 repair programs are underused in the state, Cafferty said. Funds available have exceeded funds allocated in the past few years.

Additionally, 1% loans up to $40,000 are also available to assist with repairs and other home improvements for homeowners living in rural areas of less than 20,000 residents and homeowners with ...

USDA Rural Development home loans offer zero-down financing with competitive interest rates for eligible buyers in rural areas. Below, we detail Maryland’s 2025 income limits, eligible areas, and the ...

Since the beginning of fiscal year 2021, Rural Development has invested $600 million in single-family housing in Maine, primarily through direct loans (mortgages obtained directly from USDA) and ...