What is a USDA loan and who is it for?
A USDA loan is a government-backed mortgage for buyers purchasing a primary residence in a USDA-eligible area who meet household income limits. Mortgage Go originates USDA loans through licensed loan officers in the states where each officer is individually licensed.
Who it's for
Buyers purchasing a primary residence in a USDA-eligible area whose household income fits within program limits.
Who it's not for
Buyers in non-eligible metro areas, investors, or households above USDA income limits.
Benefits
- Designed to remove the down-payment barrier for eligible areas.
- Competitive fixed rates backed by USDA.
- Flexible credit guidelines for qualifying borrowers.
- Primary-residence financing in designated areas.
Key facts
- Down payment
- Placeholder — pending compliance
- Minimum credit score
- Placeholder — pending compliance
- Loan term
- 30 years
- Property eligibility
- USDA-eligible area, primary residence
Calculator
USDA Loan calculator embeds here in Phase 2.
Frequently asked questions
What is a USDA loan?+
A USDA loan is a mortgage backed by the U.S. Department of Agriculture for buyers purchasing in designated rural and suburban areas who meet household income limits.
How do I know if a property is USDA-eligible?+
USDA maintains an eligibility map by address. A licensed loan officer can confirm eligibility for a specific property before you apply.