Skip to Content
ICB Solutions, a division of Neighbors Bank: Not affiliated or endorsed by the U.S Department of Agriculture or any govt. agency. NMLS #491986. Not available in NY. Legal
  • Green and orange button icon

    Over 20,000 people start here each week

  • Green and orange person icon

    Trusted USDA loan experts in all 50 states

  • Green and orange reviews icon

    100+ approved USDA lenders

Connect with USDA home loan experts.

Loan Depot logo
Neighbors Bank logo
Fairway logo
Eric H. from Bahama, NC
checked their USDA loan eligibility
2 minutes ago!
Verified by ICB Solutions

USDA lender picks for October 2023

Lenders are paid advertisers. USDALoans.com does not endorse or recommend any lender, your choice should not be based on advertising alone. Advertising Disclosure

Lender
Lender Rating
Lender Highlights
  • Decades of experience helping rural homebuyers
Neighbors Bank
NMLS ID #491986
  • Qualify for a USDA loan in minutes
Paddio
NMLS ID #1907

˄ Top of Page

Advantages of the USDA Home Loan

The USDA Loan is a mortgage option available to some rural and suburban homebuyers. USDA Home Loans are issued by qualified lenders and guaranteed by the United States Department of Agriculture (USDA).

USDA Home Loans are particularly favorable to those living in rural or low-income areas. USDA Loans offer $0 money down, lenient eligibility requirements and competitive interest rates - due to the loan being guaranteed by the USDA.

USDA mortgages stand alone as the only mainstream zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a home loan program that offers more favorable terms.

  • $0 Down, 100% Financing

    USDA Loans are one of the last $0 down mortgages with 100 percent financing, resulting in low out-of-pocket costs.

  • More Homes Now Qualify

    The USDA's definition of "rural" is largely liberal, meaning many in small towns, suburbs and exurbs of major U.S. cities meet the "rural" requirement.

  • Lenient Requirements

    USDA Loans are designed to provide homebuyers with lenient eligibility requirements that help low to moderate income families purchase a home.

  • Competitive Rates

    USDA mortgage rates are often lower than comparable conventional 30-year fixed mortgage rates, resulting in a better deal as compared to FHA or conventional loans.

* Based on USDA loan statistics from the Housing Assistance Council. Source: USDA Eligibility Report (PDF)