Best for
Moderate-income buyers purchasing in a USDA-eligible location.
- 0% down in eligible areas
- Guarantee fees lower than FHA mortgage insurance
- Many commuter suburbs qualify
Two tests to pass
Property eligibility (the address must sit in a USDA-designated area) and income eligibility (household income must fall under the county limit for your household size). Plenty of towns people assume are 'too developed' still qualify, we check the map before you tour.
Fees
A one-time upfront guarantee fee plus a small annual fee collected monthly. Both are typically lower than comparable FHA mortgage insurance.
Timeline note
Some USDA files route through a state office for final review, which can add a few days. We plan the contract dates accordingly.