US Department of Agriculture (USDA) Loans
Buy a home in specific rural locations.
This federal program can finance 100% of your purchase.
Maybe you're eager to escape the city life and want a new home in a place that's quiet and serene.
Low-to-moderate income families eligible
Money for existing or new homes
$0 down payment for those who qualify
The mission of the USDA Rural Development's Single Family Housing Guaranteed Loan Program is to assist low-to-moderate income rural homebuyers achieve the dream of homeownership. Whether your vision is to move to the mountains or settle in a farming community, we can help you figure out if you qualify. Loans can cover up to 100% of the purchase price, with no maximum purchase price, and loan money can also pay for site preparation, repairs and some basic appliances.
USDA housing loans can cover:
- New or existing residential property to be used as a permanent residence
- Closing costs and reasonable and customary expenses associated with the purchase
- Repairs and rehabilitation when associated with the purchase of an existing dwelling
- Special design features or permanently installed equipment to accommodate a household member with a physical disability
- Essential household equipment such as wall-to-wall carpeting, ovens, ranges, refrigerators, washers, dryers, heating and cooling equipment as long as the equipment is conveyed with the dwelling
- Purchasing and installing measures to promote energy efficiency, such as insulation or solar panels
- Site preparation costs, including grading, foundation plantings, seeding or sod installation, trees, walks, fences and driveways
Ready to connect with an expert?
Contact your Atlantic Union Bank Mortgage Loan Officer or follow the link below.
Check the USDA’s site
to see if your property is eligible, and the USDA’s program income limits
to see if you qualify financially.
Want to calculate your monthly payment?
Use our Mortgage Loan Calculator
to see what you might pay monthly and an estimated payoff schedule. To see the advantages of contributing a little more to your monthly payments, check out our Mortgage Payoff Calculator
.
Disclosure
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Not all loans or products are available in all states. Specific program restrictions may apply, so please consult your dedicated Mortgage Loan Officer for complete details.
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