Section 502 Guaranteed Rural Home Loans

The United States Department of Agriculture (USDA) created the USDA Rural Development Guaranteed Housing Loan – also known as a section 502 Home Loan or USDA Loan – as a means to improve the livelihood of rural Americans.

Through this program, those who reside in what the USDA refers to as a “rural area” can reap the benefits of zero money down, 100% financing and access to highly competitive mortgage rates.

USDA Loan Benefits

Though referred to as the USDA Loan, the USDA does not lend any money for the 502 Guaranteed mortgage but guarantees a portion of each loan in case of default. This plays a key role, by allowing lenders to take on more risk and the ability to offer eligible rural homeowners advantageous rates and terms.

Although this program is designed to boost the economy in rural areas, the USDA is very liberal on what they deem a "rural area." This opens the program up for not only those who reside in rural areas, but also suburban areas and even suburbs of major metropolitan areas. The USDA Guaranteed Home loan has assisted thousands of homeowners in route to their dream home and continues to be one of the most advantageous programs on the market today. 

Do I Qualify for the USDA Loan?

With the USDA Loan, there are certain home loan qualifications that must be met for the homeowner to be eligible. These qualifications include location, construction standards, income standards and cost limits, some of which can be confusing at times which is why it is best to talk to a loan officer to help ensure you are qualified.

For initial eligibility, see our next section on USDA Home Loan eligibility.

Finding the right home to purchase using the USDA home loan guarantee program can be daunting. But knowing first-hand what you need to look for will help you shorten your shopping time - allowing you to move into a beautiful home soon!

Get Started Now!

Or call 877-701-USDA to speak to a USDA Loan Specialist.

Select Loan Type(*)
Select Loan Type
What State?(*)
Select Your State

Loan Amount(*)
Select Loan Amount

Your Home's Current Value(*)
Estimate Current Home Value

How Much do you Currently Owe?(*)
Select an Amount

When Do You Plan to Purchase?(*)
Select Purchase Timeframe

Have you Found a Home?(*)
Select One

Have you had a bankruptcy, foreclosure or short sale in the last 3 years?(*)
Please provide an answer

Estimate Your Credit(*)
Provide a Credit Estimate

NOTICE: You have selected that your credit is poor or needs repair. With poor credit homebuyers may have a more difficult time of obtaining favorable terms and conditions, or receiving a loan at all.

We suggest you take the first step and work with a credit repair specialist and remove any unnecessary collections, delinquencies or duplicate accounts from your credit report, so you could possibly receive better terms and conditions.

Learn About Credit Help or click next to continue filling out our form.

Do you Currently have a USDA Loan?(*)
Select One

What is your Current Interest Rate?(*)
Select Current Interest Rate

First and Last Name(*)
Enter Your First Name
Please type your Last Name
Street Address(*)
Invalid Input

Current City and Zip Code(*)
Invalid Input
Invalid Input
Home Phone(*)
Enter a valid phone number with area code.

Alt Phone (Recommended)
Enter a valid phone number with area code.

Invalid email address.

You must agree to this before proceeding. By checking this box, I understand I will receive a call from a lender, even if I am on a Do Not Call list.(*)

By clicking “Finish!” I agree by electronic signature to: (1) be contacted by Lexington Law Firm about credit repair or credit repair marketing by a live agent, artificial or prerecorded voice, and SMS text at my residential or cellular number, dialed manually or by autodialer, and by email (consent to be contacted is not a condition to purchase services); and (2) the Privacy Policy and Terms of Use.