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Buy
Apply Now
Ready to start your home buying journey? Apply now and get pre-approved for your mortgage.
Purchase Rates
Know the rates, know your options. Start building your homeownership plan today.
Monthly Mortgage Calculator
Get a clear picture of your monthly mortgage payment using your rate, credit score, and down payment information.
Affordability Calculator
Not sure what fits your budget? This calculator factors in your income, debts, and down payment to help you find the right price range.
Refinance
Apply Now
Ready to lower your rate or tap into your equity? Apply now and start your refinance journey with confidence.
Refinance Rates
Rates can change fast. See today’s options and discover potential savings on your mortgage.
Refinance Mortgage Calculator
Wondering how refinancing will affect your monthly payments? See how much you can save.
Cash-Out Refinance Calculator
See how much equity you can tap into. Estimate your new mortgage payment and compare loan options.
Rates
Resources
Calculators
Free, interactive mortgage calculators that can help you along the journey toward your home ownership goals.
Blog
Learn more. Stress less. Our blog breaks down what you need to know to buy, refinance, or plan ahead.
FAQs
Check out our FAQs to learn more about Total Mortgage, mortgage lending, home refinancing, and more.
Loan Products
Navigate all our loan product options and find the perfect loan for you.
Customers
About
USDA loan
Backed by the U.S. Department of Agriculture, this program makes homeownership more attainable for families outside major city limits.
No Down Payment Required
Finance up to 100% of your home value with no minimum down payment.
Low Fixed Interest Rates
USDA-backed loans offer stable, affordable monthly payments.
Flexible Credit Guidelines
Great for borrowers with limited credit history.
Reduced Mortgage Insurance
Lower upfront and annual fees than FHA loans.
Support for Rural Development
Encourages growth in smaller communities across America.
Frequently asked questions
Everything you need to know about USDA loan
Who qualifies for a USDA loan?
To qualify, you must meet the income limits for your area and buy a home located in a USDA-eligible rural or suburban zone. These limits vary by county and household size. The program is designed for low-to-moderate income borrowers who need affordable home financing.
Do I need a down payment with a USDA loan?
No. USDA loans offer 100% financing, meaning you can purchase a home without putting any money down.
Can I use a USDA loan to buy land or build a home?
Yes, in some cases. The USDA offers a Construction-to-Permanent loan for eligible rural areas, which lets you finance both land and construction under one mortgage. Check with your lender for specific qualifications.
What kind of properties qualify?
USDA loans must be used for single-family, owner-occupied homes in rural or suburban areas defined as eligible by the USDA. Condos, multi-family homes, or investment properties generally do not qualify.
How do I know if a property is in a USDA-eligible area?
You can search any address using the USDA's online Property Eligibility tool, or ask your lender to check. Many suburban areas close to cities still qualify, making it a broader option than most buyers expect.
Is there mortgage insurance on a USDA loan?
Yes, but it's lower than the rates for FHA loans. You'll pay an upfront guarantee fee and an annual fee, both of which help sustain the program. The upfront fee can be financed into the loan amount.