USDA loans are mortgages backed the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. USDA loans are available to home buyers with below-average income, offer 100% financing with reduced mortgage insurance premiums, and feature below-market mortgage rates.
- Eligible areas vary by county
- No down payment required
Maximum Loan Amount $ 251,862.00 (Amount is based off Average County Limit – Some counties have higher or lower limits)