USDA mortgages from private lenders don't have set loan limits. If you're working directly with the USDA, however, the maximum in most of the U.S. is$398,600, although some high-cost areas have much higher caps. (You can check the USDA'sarea loan limit mapto find the limit in your...
How a USDA loan works USDA home loansare backed by the US Department of Agriculture (hence the name) to promote economic development in rural areas of the U.S. When people own homes, they purchase home-related goods and services and tend to stay in the neighborhood longer. ...
The USDA loan program is geared toward low- and moderate-income homebuyers. Applicants must meet income limits, which vary by family size, metro area and loan program. In more expensive areas, the income ceiling is higher: Sometimes you can earn as much as six figures. You can check income...
Best USDA loan lenders of March 2025 USDA loans are zero-down-payment mortgages for buyers in approved rural and suburban areas. Updated Sat, Mar 1 2025 12:55 AM EST Kelsey Neubauer Share USDA loans are guaranteed by the U.S. Department of Agriculture, so they don't require a down pay...
USDA loan rates USDA loans offer some of the most competitive interest rates in the mortgage market, making homeownership more accessible for low- and moderate-income families in rural areas. On average, USDA interest rates are around 0.5%–0.75% lower than other mortgage programs, like the FHA...
A home might not qualify for USDA financing if it's outside designated rural areas or if it's in poor condition. Issues like non-functional heating or plumbing, a deteriorating roof, or general safety hazards could also disqualify a property. Are USDA Loan Interest Rates Lower? Yes, USDA ...
USDA loans from HomeTrust Bank let low- and moderate-income households in rural areas purchase a home with no money down to build, improve or relocate.
View USDA Loan Limits Across the U.S. Check Your Income Eligibility for a USDA Loan 3. USDA Property Eligibility For a property to be eligible for a USDA Rural Development Loan, it has to be located in an approved area, as defined by the USDA. The phrase “Rural Area” can be loosely...
The loan can be used to purchase ANY new & existing single-family residence located in a USDA-approved eligible area or zone. Contact us today if you need help, we are always happy to discuss the eligible areas in your city. The home purchase can be a regular sale, short sale, foreclos...
Find a USDA-Approved Home To get a USDA loan, the home you’re purchasing must meet certain requirements. First, the house must be located in an eligible rural area. You can use the map provided by the Department of Agriculture to find eligible areas near you. ...