A USDA loan is a loan option offered through the United States Department of Agriculture - Rural Development. A USDA loan may be a good option to consider if your client:

• Expect to buy a home in a rural area
• Have less cash available up-front for down-payment and closing costs

Features

• Lending up to 100% of the appraised value of the home.
• Requires a one-time Guarantee Fee that may be rolled into the loan amount.
• Restrictions based on income and location.