USDA Mortgage Loan Programs

USDA Mortgage Loan Programs from the Rural Development arm assist low to moderate income borrowers with the purchase of properties in the USDA eligible areas, including most Rural areas of the US.
USDA Mortgage Loan Highlights
USDA Mortgage Loan Programs for Homes Rural Areas
USDA Mortgage Loans for Homes in Eligible  Rural Areas
  • Eligibility: USDA mortgage loans are only available to borrowers who meet certain income and property location requirements. The property must be located in a designated rural area, and the borrower must have a low to moderate income.
  • No Down Payment: One of the biggest benefits of a USDA mortgage loan is that it does not require a down payment. This can make homeownership more accessible for many borrowers who may not have the funds for a down payment.
  • Competitive Interest Rates: USDA mortgage loans typically offer competitive interest rates that are lower than traditional loans.
  • Income Limits: There are income limits for USDA mortgage loans, and the amount you can borrow will depend on your income and household size.
  • Appraisal Requirements: A USDA mortgage loan requires a property appraisal to ensure the property meets certain standards. This can add additional time and cost to the loan process.
  • Required Insurance: USDA mortgage loans require mortgage insurance, which can add to the overall cost of the loan.
  • Fixed-Rate Loan Options: USDA mortgage loans are available with fixed-rate options, which can provide stability and predictability in your monthly payments.

USDA Loans are designed to provide affordable home ownership opportunities to low to moderate income households to stimulate economic growth in rural and suburban communities. 

USDA Loans offer great benefits such as $0 Down Payment, Competitive Interest Rates, Low Monthly Mortgage Insurance and Flexible Credit Guidelines. Borrowers with moderate income looking to purchase in a rural area should look for USDA mortgage programs for the best options!


To be eligible for a USDA Loan guidelines require:

  • U.S. citizenship or legal permanent resident (i.e. U.S. non-citizen national or qualified alien) 
  • Ability to prove creditworthiness
  • Stable and dependable income 
  • A willingness to repay the mortgage - generally 12 months of no late payments or collections 
  • Adjusted household income is equal to or less than 115% of the area median income 
  • Property serves as the primary residence and is located in a qualified rural area

USDA Loan Program Terms:

  • Up to 100% LTV Purchase
  • Up to 100% LTV Cash Out Refinance or Streamline
  • Rehab & One Time Close Construction Available
  • 600 Min FICO
  • $50,000 Minimum Loan
  • Property Must be in USDA Eligible Area
  • 1-4 Units, Condos, PUDS & Manufactured Homes Eligible

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About The Mortgage Calculator
The Mortgage Calculator

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! 

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of over 400 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!

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