Rural Development Loan
A Rural Development loan is the USDA's zero-down mortgage for eligible rural and suburban properties and moderate-income buyers.
What Rural Development Loan means
Backed by the U.S. Department of Agriculture, it offers no down payment and lower mortgage insurance than FHA. But limits eligibility by area and income.
Florida example
A Florida buyer in eligible parts of St. Lucie or Highlands County purchases with $0 down through USDA. Income must fall under the county limit, and the home must be in a designated rural area.
What it is
A rural development loan is another name for the USDA loan. It offers no-down-payment financing in eligible rural and suburban areas.
The program is backed by the U.S. Department of Agriculture.
Who qualifies
You need to buy in an eligible area and meet income limits. Many Florida towns outside the big cities qualify.
We check any address against the USDA map. Reach out and we will see if you qualify for zero down.
Related program: Learn more →
Verify the details for your own situation against these government and agency sources: USDA Single-Family Housing Guaranteed program and CFPB Owning a Home guide.