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To get started with your USDA Home Loan, call (877)701-8732 or Get Started Here

USDA Loan Interest Rates

Because 502 Rural Development Guaranteed Loans are partially backed by the USDA, lenders have the luxury of charging competitively low interest rates. Eligible borrowers find that rates are generally lower with the USDA Loan program than with conventional mortgage options.

Determining USDA Loan Rates

There are multiple items that determine what a borrower will pay in interest. The main contributing factor is your credit profile that includes your credit score, debt to income ratio and the timeliness for paying bills.

Borrowers with a pristine credit profile and a low debt to income ratio will receive the most advantageous rates; however, even if your credit report isn't in perfect shape, you may still have an easier time qualifying for a competitive rate due to the USDA guaranty.

It is also important to note that market conditions also play a vital role in your mortgage rate. Conditions change daily, which can drastically affect your mortgage rate.

Lock in Your USDA Loan Rate

Locking in your interest rate at the right time is key, which means it's important to find a lender who understands your needs and the forces that shape interest rates.

Some lenders try to entice borrowers with unbelievably low rates that are almost impossible to qualify for. is upfront with you and we work within your financial means to give you an accurate and realistic quote.

Once you've identified the house you wish to purchase and have entered a contract for that property, we'll help you figure out what the rate will look like. In most cases, we will have a better forecast of your rate after an underwriter has reviewed your loan and you have a general idea of your closing date.

If you're ready to get started on determining your rate, or if you have more questions, don't hesitate to get in touch with one of the USDA experts by taking two minutes to fill out this short form here. There's no obligation, and you'll be one step closer to owning your brand new home.

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Using a USDA Loan?

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