USDA Mortgages

USDA Mortgage AreaUSDA loans are mortgages backed the U.S. Department of Agriculture intended for primary residences for people who have below average incomes for their areas, which have to be rural or suburban (though not all suburbs qualify).

To see if the property that interests you is in an eligible area, visit USDA’s eligibility checking site here.

Because of the people intended to help, the terms are better than those of other programs (no down payment required, lower rates than for other programs) and no ARM’s are available.