USDA Rural Development Loans
Backed by the U.S. Department of Agriculture, USDA loans help buyers purchase homes in qualified rural and growing suburban communities with 0% down payment and low guarantee fees.
Suburban & Rural Buyers seeking $0 Down
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Program at a Glance
- Down Payment
- 100% financing (0% down)
- Credit Score
- Typically 640+ for AUS
- Occupancy
- Primary residence
- Term
- 30 yr fixed
- Property Type
- Eligible rural/suburban areas
Key Program Highlights & Advantages
100% financing (0% down payment)
Lower monthly guarantee fees than FHA mortgage insurance
Closing costs can be gifted or rolled into the loan if appraisal permits
Competitive 30-year fixed interest rates
Covers many suburban neighborhoods outside major metro centers
General Qualification Standards
Compare Similar Programs
| Program | Down Payment | Credit Score | Occupancy | Term |
|---|---|---|---|---|
| USDA Rural Development Loans | 100% financing (0% down) | Typically 640+ for AUS | Primary residence | 30 yr fixed |
| FHA Mortgage Loans | 3.5% down | 580+ (3.5% down); lender overlays often higher | Primary residence only | 15 & 30 yr fixed |
| DPA (Down Payment Assistance) | Program grants/forgivable 2nds (varies) | ≈ 620+ (varies by program) | Primary residence | Pairs with FHA/Conventional 1st |
Figures shown are typical ranges and vary by lender, program, and borrower profile.
Rates, terms, and program availability are subject to change without notice and depend on borrower qualification and underwriting approval. This is not a commitment to lend. Contact Oakley Pike for current program guidelines.
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