USDA Home Mortgage Lender
100% financing for homes in USDA-defined rural areas
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What Are USDA Mortgage Loans?
USDA loans are unique financing options guaranteed by the U.S. Department of Agriculture. These government-insured mortgages allow you to purchase a home in eligible rural areas with no money down. The goal? To help smaller communities thrive by making property more affordable.
As a dedicated USDA home mortgage lender, we’re committed to fostering growth and preserving the heritage of our country’s rural lands. Our mission aligns with the USDA’s vision: To support economic development and enhance the quality of life in rural America.
What Are the Benefits of USDA Loans?
- Ideal for borrowers with limited assets looking to buy in rural areas
- 100% financing
- No down payment required
- Flexible credit score requirements
- Minimal cash to close
- Low interest rates and stable financing terms
- 1% upfront USDA Guarantee Fee can be financed into the mortgage
Our experienced loan officers will guide you through these benefits and answer any questions you have as we get started.
Is My Property Eligible for USDA Loans?
When it comes to USDA loans, location is key. In order to be eligible for a USDA Loan, the home you wish to purchase or refinance must be located in a USDA-designated rural area. Check the USDA Eligibility of your area here.
If you’re wondering what defines “rural,” you might be surprised — the USDA’s definition is broader than you might think. Many small towns and suburban areas on the outskirts of larger cities qualify. In fact, about 97% of U.S. land is eligible for USDA loans.
Additional Property Requirements for USDA Loans
Beyond location, the property itself must meet certain criteria:
- Primary Residence: The home must be your primary residence, not a second home or investment property.
- Size and Features: There’s no acreage limit, but the property can’t have income-producing features like barns or silos.
- Condition: The home should be in good, safe condition without needing major repairs.
- Building Type: Single-family homes are most common, but some multi-unit dwellings, condos, and even new construction can qualify.
Other Considerations
One of the most common questions we receive as USDA home mortgage lenders is about income requirements. The good news? USDA loans are designed to help low- to moderate-income households achieve homeownership.
To qualify, your household income must not exceed 115% of the median income for the area where you want to buy. This limit varies by location and household size, and it’s important to note that the USDA considers the income of all adult household members (not just the loan applicants). This includes grown children, elderly parents, or other adults living in the home, even if they’re not on the loan.
Your Homeownership Partner
At First Heritage Mortgage, we’re more than just your USDA home mortgage lender — we’re your partners in your journey to homeownership. With years of experience in rural home financing, we understand the unique challenges and opportunities in these communities. We’re here to answer your questions, address your concerns, and help you navigate this exciting next chapter.
Connect With A Loan OfficerReady? Let’s get started.
Get in touch with our team of USDA mortgage loan experts to learn more about the loan option that’s best for you.
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Begin your journey towards home ownership today.