Go to ApplicationThe USDA Loan. Most home buyers are not aware that there is a USDA (United States Department of Agriculture) Zero Down Home Loan. The USDA Rural Development Mortgage/RD loan is a government sponsored home buying program that promotes home ownership of low to moderate income families, primarily geared toward 1st time home buyers. This mortgage product is available through a lender like us. If you qualify for a USDA mortgage, in most cases it can be a more affordable loan option then the FHA Mortgage.

How USDA loan programs work

There are three USDA home loan programs:

Loan guarantees: The USDA guarantees a mortgage issued by a participating local lender — similar to an FHA loan and VA-backed loans — allowing you to get low mortgage interest rates even without a down payment. If you put little or no money down, you will have to pay mortgage insurance premium, though.

Direct loans: Issued by the USDA, these mortgages are for low- and very low-income applicants. Income thresholds vary by region. With subsidies, interest rates can be as low as 1%.

Home improvement loans and grants: These loans or outright financial awards permit homeowners to repair or upgrade their homes. Packages can also combine a loan and a grant, providing up to $27,500 in assistance.

USDA Loan Features & Benefits

  • Zero Down Payment – Great Product for Borrowers with little or no money down
  • Low Monthly Insurance – Lower PMI than both FHA Loans & Conventional Loans
  • Single Family Home – A home of your own
  • Income Restricted – 1-4 Person Households $90,300; 5-8 Person Households $119,200
  • Low Rate – A low, fixed, 30 year rate

Check USDA Mortgage Program Eligibility:

Max Yearly Income Restrictions: Rather than having a loan limits, USDA has household max income limits, which vary by county and household size. For most of the counties in Oklahoma the Max Household income limits are as follows: 1-4 Person Households $90,300 5-8 Person Households $119,200.

Check your USDA Income Restrictions in your area.

Location Restrictions: USDA Home Loans have location restrictions. Check qualifying areas in Oklahoma.

Ready to apply today? 

Go to Application