USDA Purchase Loan

If you are planning to purchase a home in a rural community, the USDA home loan purchase program allows you to purchase a home with no down payment and a low fixed interest rate. There are many benefits of using this program, such as 100% USDA financing, low monthly mortgage insurance, low mortgage interest rates and low fixed monthly payments. The 100% USDA financing allows you to apply for a no down payment option for this loan. Another benefit is that if you use a USDA-approved lender, your closing costs will be lower.