USDA Loans

This loan program is insured by the US Department of Agriculture. It’s offered in rural areas and is often referred to as a “Section 502″ loan.

No down payment is required for this loan program and interest rates can be as low as 1%, depending on the household income and size of family. To qualify, the household income must be below certain limits that vary by area.

To read about this program in more detail, visit the USDA website:

The USDA loan program may work for you if you live in a rural area and meet the income requirements need to qualify.