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USDA Home Loan Program

The United States Department of Agriculture (USDA) offers a home loan program that provides affordable financing options for low-income borrowers who want to purchase, build, or improve their homes in rural areas. The program is designed to promote homeownership and improve living conditions in these areas by offering favorable terms on loans.

Benefits of the USDA Home Loan Program​

Low or No Down Payment Requirements​

Borrowers can qualify for a loan with little or no down payment required, making it easier to purchase a home.

Lower Mortgage Insurance Premiums​

The mortgage insurance premiums are lower compared to other government-backed loan programs such as FHA loans.

More Lenient Credit Score Requirements​

The USDA has more lenient credit score requirements than some other government-backed loan programs, making it possible for borrowers with imperfect credit history to qualify.

No Income Limits in Some Areas​

In some areas, there is no income limit for borrowers who want to apply for a USDA home loan, making it a great option for those with higher incomes.

Closing Costs Assistance​

The USDA offers assistance with closing costs, which can be a significant expense when buying a home.