What Is a USDA Loan?
A USDA loan is backed by the U.S. Department of Agriculture's Rural Development program, designed to help low-to-moderate income buyers purchase homes in eligible rural and suburban areas. It's one of the only loan programs left that offers true 100% financing — no down payment required.
Property & Income Eligibility
Eligibility is based on two things: the property's location (it must fall within a USDA-designated eligible area) and your household income (which must fall under limits set for your area and household size). More areas qualify than most buyers expect — many suburban communities just outside major cities are eligible.
Who It's For
- Buyers purchasing in eligible rural or suburban areas
- Buyers who qualify under USDA income limits and want to avoid a down payment
- Buyers who've been priced out of a down payment but have stable income
What You'll Need
Standard income and asset documentation, a credit check, and a property within a USDA-eligible area. Barry will confirm eligibility for your target area and household before you spend time house hunting in the wrong zone.