USDA Loans
Get a free quote on a USDA Loan & save thousands of dollar each year
USDA Loans
The United States Department of Agriculture (USDA) gives out a variety of loans to help low- or moderate-income people buy, repair or renovate a home in a rural area.
Why a USDA Loan?
- No down payment is required
- Borrowers who qualify for a USDA Rural Development home loan have the flexibility to pay nothing out of pocket for a down payment
- Allows borrowers to use a gift or grant to go toward their mortgage
Get Your Kentucky Rural Housing (USDA) Loans
Here’s how our home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Frequently Asked Questions
What is the USDA loan guarantee?
The USDA insures a portion of each loan in the event that the borrower defaults on their mortgage, which is what is meant when you hear that a USDA loan is guaranteed. This support, or guarantee, enables lenders to extend tempting rates and terms and increases their confidence in homebuyers.
Are only first-time homebuyers eligible for USDA loans?
No, first-time homebuyers and repeat homebuyers alike may use the USDA loan.
What is the maximum amount that I can borrow?
For USDA loans, there are no restrictions on the maximum loan amount. The maximum loan amount for a particular borrower is determined by their obligations, income, and repayment capacity.
What types of terms do USDA loans have?
USDA loans are easily available in 30-year and 15-year fixed rate terms.