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With a USDA RD Loan
You’ll Roam Free In The Country.
Enjoy your dream home made possible by the United States Department of Agriculture’s Rural mortgage program.
A USDA RD Loan is perfect for low and moderate income borrowers in designated areas. This program is designed to enhance the quality of life for Americans in rural and suburban areas.
WHAT YOU NEED TO KNOW

In order to provide financing, lenders consider the following:

  • Rural & Suburban homebuyers within eligible area
  • Middle to low-income borrowers within eligible area
  • Borrowers looking to repair or renovate existing home within eligible area
DOCUMENTS YOU’LL NEED

Gather the following documents to ensure a smooth application process:

  • Asset Information
  • Proof of Recent Income
  • Tax Returns & Driver’s License
WHAT WE LOOK FOR

We help get you approved for the perfect loan. This is what we look for:

  • Salaried employment or income for the last 2 years
  • Assests that cover 5% of the sales price
  • Your debt-to-income ratio
  • Your credit score and history
HERE ARE
Common FAQs
Let The Home Loan Experts
Help Secure Your Home.
WHAT IS A USDA RD LOAN?
A USDA Rural home loan is a mortgage for eligible rural and suburban homebuyers — usually with zero down payment. In 2014, as a part of its Rural Development program, the USDA invested nearly $20 billion to help thousands of families buy and improve their homes. This program is designed to enhance the quality of life for Americans in rural and suburban areas. It offers no-down-payment, low-interest rate mortgage options, readily available to eligible areas.
WHAT TYPES OF LOAN PROGRAMS ARE AVAILABLE?
There are three types of USDA home loan programs: loan guarantees, direct loans, and home improvement loans or grants.

The USDA guarantees mortgages issued by a participating local lender — similar to the VA loans — allowing eligible buyers to get low mortgage interest rates without a down payment. You will, however, need to pay a mortgage insurance premium if you do not put money down. Direct loans issued by the USDA are for low — and very, very low-income applicants. These income thresholds vary by regions, but interest rates may be as low as 1%.

Home improvement loans or grants allow homeowners to repair or upgrade their rural home. These loans or grants can provide nearly $30,000 in assistance to eligible borrowers. Income limits vary by region and household size, so you should consult the USDA map to figure out your local limit.

To be eligible for a USDA Rural loan, you must prove your U.S. citizenship, dependable income (typically for a minimum of two years) and acceptable credit history.

WHAT KIND OF CREDIT SCORE DOES THIS LOAN REQUIRE?
Most lenders want borrowers with a credit score of 620 or higher, but those with lower scores can still be eligible by meeting stricter underwriter requirements. If you believe you may qualify for a USDA rural loan, it’s best to talk to a participating lender like Assurance Financial. Our experts can help find the right loan program for your needs and budget.
MY INCOME IS LOW, CAN I STILL APPLY?
USDA Rural loans are meant for low-income borrowers (within the eligible area), especially the direct loans. Income limits vary by parish and county, but some interest rates can get as low as 1% depending on your income.
CAN I USE THIS LOAN FOR RENOVATIONS IF I'M IN AN ELIGIBLE AREA?
Home improvement loans are one of the three rural loans provided by the USDA. If you’re repairing or renovating your existing home in the eligible area, these loans can provide nearly $30,000 in assistance.
GET PRE-QUALIFIED
FOR A USDA RD LOAN TODAY!

A pre-qualification letter gives you a competitive advantage so your Realtor and Seller know you’re serious. Fill out the form and a Home Loan Expert will be in touch.

  • WHAT CAN WE HELP YOU WITH?
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A Passionate Team of Experts
Helping You Get The Loan You Need.
NOT READY TO PRE-QUALIFY?
Use our First Time Home Buyer Checklist to get a rundown of everything you need to make the process go as smoothly as possible.