USDA / RD Loan
A USDA (Rural Development) Loan is a government-backed mortgage designed to help eligible homebuyers in rural and suburban areas achieve homeownership. With no down payment required and flexible qualification guidelines, it’s a great option for qualified borrowers.
Why Choose an USDA / RD Loan?
USDA / RD Loans are designed to make homeownership more accessible in eligible areas. Our team will help you understand qualification requirements, confirm property eligibility, and guide you through a clear and straightforward process from application to closing.
- No down payment required for eligible borrowers
- Competitive interest rates
- Flexible credit guidelines
- Designed for rural and suburban homebuyers
A USDA / RD Loan may be a great fit if you:
- Are purchasing a home in an eligible rural or suburban area
- Meet income eligibility requirements
- Have limited savings for a down payment
- Are looking for an affordable path to homeownership
- May not qualify for conventional financing
Loan Details
- Backed by the U.S. Department of Agriculture
- 0% down payment required for qualified buyers
- Income and property eligibility requirements apply
- Low monthly mortgage insurance compared to other loan types
Local Mortgage Lending Experts
- Our local mortgage lending experts know your community because they live and work there
- Your mortgage lender will be with you through the entire process, from pre-approval to closing
- Our team can give you helpful payment info and other insights about the process
- Tell our team your story. We’re sure to have a solution to fit your needs, and your budget.
Mortgage Resources
We want to make sure your home buying experience is as easy as possible. We’ve dedicated a section of our blog to mortgage and home buying topics. We hope you find them helpful. If you have questions, reach out to our Mortgage Team or give us a call at 800.442.2800.
Honor Credit Union is a proud member of:
*APR = Annual Percentage Rate. Your rate may be different depending on your credit profile and home value. Rates are subject to change without notice. Additional restrictions may apply.
Additional Information
USDA / RD Loans are subject to income limits, geographic eligibility, and program requirements. Not all properties qualify. Contact us for full details and to check your eligibility.