A USDA home loan is a mortgage insured by the United States Department of Agriculture (USDA). It is designed to help low- and moderate-income borrowers buy homes in rural areas. USDA home loans offer several benefits, including low interest rates, no down payment requirement, and flexible credit guidelines.
To apply for a USDA home loan, you must meet certain eligibility requirements. You must have a steady income, a good credit history, and be unable to obtain financing from other sources. You must also purchase a home in a USDA-eligible rural area.
