USDA Rural Housing Loans
Zero Down Payment for Qualified Rural Homebuyers
100% Financing Available
Purchase a home in eligible rural areas with no down payment required
Zero Down Payment
Finance 100% of your home's purchase price
Rural Areas
Available for properties outside major metropolitan areas
Low Mortgage Insurance
Lower PMI costs compared to other loan programs
About USDA Rural Development Loans
USDA Rural Development loans provide home buyers the opportunity to purchase a home in qualified rural areas with no down payment. The program is designed to promote homeownership in rural communities while offering affordable financing options.
USDA defines "rural" as being outside large metropolitan areas. The property must be a single-family, owner-occupied home where no income can be derived from the property.
USDA Loan Benefits
- 100% financing - Zero down payment required
- Seller-paid closing costs - Sellers can contribute to your closing costs
- Flexible credit history - Previous bankruptcy or foreclosure OK after 3 years
- Low mortgage insurance - Lower PMI costs than other loan programs
- Various property types - Single family homes, townhomes, and condos allowed
- Reasonable credit requirements - 640+ middle credit score typically required
3 Simple Steps to USDA Loan Approval
Check Income Eligibility
Verify your household income meets USDA requirements
Check Income EligibilityCheck Property Eligibility
Ensure the property is in a USDA-eligible rural area
Check Property EligibilityEligibility Requirements
Property Location
Must be located in a USDA-defined rural area outside major metropolitan zones
Occupancy
Property must be owner-occupied as primary residence
Income Limits
Household income must not exceed USDA limits for your area
Credit Score
Typically requires 640+ middle credit score
Ready to Explore USDA Financing?
See if you qualify for zero down payment homeownership in rural Minnesota or Wisconsin