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An Introduction to USDA Rural Home Loans

March 29, 2016 | 2 minute read

Dreaming of a Home Outside of the Big City?

USDA rural home loans provide qualified home buyers in rural areas with 100% financing options including little or no money out-of-pocket.

USDA Rural Home Loans

Whether you’re dreaming of a life on a secluded ranch with a trout-filled river in your backyard or simply a home in a quiet neighborhood with a little extra space for your kids to run free, the allure of rural life is shared by many home buyers. USDA rural home loans from Summit Mortgage are specifically designed to provide an affordable option to homebuyers in more rural areas including up to 100% financing for qualified buyers.

Up to 100% Financing

USDA rural home loans offer qualified buyers the ability to purchase a home with $0 down payment. In some circumstances, the costs of eligible home repairs and improvements may also be financed which could mean no out-of-pocket repair costs.

Up to 6% Seller Contributions

The option to have a seller contribute to a buyers closing costs means you could purchase an USDA eligible home with little to no money out-of-pocket. Flexible qualifying guidelines offer a good opportunity for low and moderate income buyers.

Eligibility Restrictions

The property being purchased must be located in a USDA-eligible area to qualify for USDA rural home loans. Borrower income restrictions also apply. With very specific guidelines, it is important to work with a Loan Officer and company that has experience closing USDA rural home loans.


Guiding You Home
Our loan officers can help you understand your mortgage and refinance options. Ask for a free consultation today.

USDA Rural Home Loan Details:

  • Up to 100% Financing for qualified home buyers
  • Designed to help homebuyers in rural areas
  • Fully amortized fixed-rate loan
  • Available for purchase or refinance
  • USDA offers a streamlined refinance option
  • Up to 6% seller contribution allowed
  • Income limits & property location restrictions apply

No longer considered a “farmers loan”, recent changes from the United States Department of Agriculture (USDA) have expanded the eligible areas for a USDA rural home loan. Thousands if not millions of Americans are now eligible for USDA home loan financing outside of the major metropolitan areas.

With very specific guidelines, it is important to work with a Loan Officer and a company that has experience specifically with USDA financing. To see if you or your property is eligible for a USDA rural home loan, please fill out the quick form to the right.

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