Skip to content
United States Department of Agriculture Loan

Looking for more room to run?

The USDA home loan program offers up to 100% financing and flexible guidelines for homebuyers purchasing in designated rural areas, backed by the USDA (United States Department of Agriculture).

Begin your USDA Loan journey today.

What are the benefits of a USDA Loan?


01.

No Down Payment

Qualifying homebuyers purchasing an eligible property can get up to 100% financing for their future home. You can even finance your upfront Private Mortgage Insurance (PMI).

 


02.

Flexible Credit Guidelines

Unlike other programs, USDA Loans are more flexible, allowing you to use alternative documents like subscriptions, rents, and monthly bill payments to establish your credit history. 


03.

Lower Monthly PMI

If you choose to not place a down payment on your home using a USDA Loan, then you’ll most likely need to pay PMI every month. As of now, the USDA offers the lowest PMI rate of any loan program, and the price doesn’t change based on your down payment.

Apply for your USDA Loan in just 3 easy steps.

Not sure where to start when it comes to your USDA home loan? Don’t worry – we have you covered! Keep scrolling to see the steps ahead of you.

Step 1

Get pre-approved

Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.

Step 2

Talk to a Mortgage Consultant

Your GVC Mortgage Consultant will keep you and your agent updated every step of the way with our Milestone Updates.

Step 3

Close on your loan

Your Mortgage Consultant will assist you with everything you need and help you setup your closing appointment.

United States Department of Agriculture Loan

Frequently asked USDA questions.


How much do I need for a USDA Loan down payment?
Qualified borrowers purchasing a home in a USDA eligible area may qualify for up to 100% financing, meaning you may not need a down payment. However, it’s important to understand a down payment will help reduce your monthly mortgage payments. You may also be required to pay PMI without a down payment.
What are the USDA Loan limits?
The maximum loan limit for this program depends on the median home prices in an eligible area. To learn more about these limits, contact a Mortgage Consultant.
What are the credit score qualifications for a USDA Loan?
Credit scores as low as 620 can be accepted for a USDA Loan. However, a borrower with a no score may also be considered depending on additional documentation. The loan would require a second borrower to have a score.
Do I have to pay mortgage insurance with a USDA Loan?
If you choose not to put a down payment on your home, you will need to pay PMI. More information about your mortgage insurance will be provided to you from your Mortgage Consultant as you progress through the process.