A USDA Rural Development purchase mortgage loan is referred to as the "USDA Loan" or more simply a "RD Loan". This mortgage loan product allows a home to be purchased with no down payment!* The benefits of this 100% home financing mortgage is not well known by many.

This program is guaranteed by the USDA, reducing the risk to the mortgage banking institutions offering the product allowing for competitive mortgage interest rates.

The qualifications requirements for an RD Mortgage Loan are similar to those of FHA with the exception of income limits and the location of the property to be purchased.

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*some out of pocket costs still may apply such as, but not limited to: earnest deposit, inspections, appraisal and homeowner's insurance