Purchases - No Down Payment Required
Purchase a home in eligible rural areas with financing up to 100% loan-to-value (LTV) available on qualified properties.
USDA Streamline Refinance with No Closing Costs
Payment reduction program lowers mortgage insurance with minimal documentation and NO Closing Costs, and potentially lower interest rate.
Lower Up Front Fees and Mortgage Insurance
Rate reduced to 1.00% for up-front guarantee fee at origination, and mortgage insurance reduced from 0.50% to 0.35% of the unpaid principal balance.
Borrowers with current USDA loans are eligible to refinance and lower your mortgage insurance rate, and potentially lower your interest rate at the same time.
*Fees reflect changes that went into effect October 1, 2016.