USDA

USDA Loans

Who is this loan product for? USDA (U.S. Department of Agriculture) loans are designed for low-to-moderate income buyers purchasing a home in eligible rural or suburban areas. They offer 100% financing with no down payment required, making them one of the most affordable paths to homeownership. USDA loans also feature low fixed rates and reduced mortgage insurance costs compared to FHA loans.

• Minimum FICO: 620 (lender overlays may apply)
  
• Down Payment Minimum: 0%
  
• Max Loan-To-Value: 100%
  
• Max Loan Amount: Based on USDA program guidelines (not county loan limits like Conventional/VA)
  
• Fixed-Rate Mortgage Options Only
  Loan Term Options: 30 Year (most common)
  
• Upfront Guarantee Fee: 1% (can be financed into the loan)
  
• Annual Fee (like PMI): 0.35% of the loan amount, paid monthly
• Seller Paid Closing Costs: Applicable and varies on down payment %
  
• Income Limits Apply: Varies by household size and county. Schedule a call with Barber Mortgage Team to find out limits.

As independent mortgage brokers, we help you confirm USDA property eligibility, review household income requirements, and compare lenders so you get the full benefit of this zero-down program.

👉 Ready to see if you qualify for a USDA loan with no down payment? Contact us today for a free pre-approval.