Why Choose a USDA/Rural Development Mortgage?

Home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve home ownership by offering a no down payment option.

100% financing

620 minimum credit score required – All Borrowers are required to have a credit score

Low interest rates

Low closing costs

Gift funds can be used for closings costs

Seller can credit up to 6% of the sales price toward buyers closing costs and prepaid items

Great first-time and move up buyer program

General Guidelines:

  • Property must be located in a USDA designated rural area
  • Maximum loan limits vary based on location
  • Closing costs can be included in the loan amount, if the appraisal is higher than the sales price
  • No reserves required

*Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.