USDA Loan
A USDA loan is a zero-down mortgage backed by the U.S. Department of Agriculture for eligible rural and suburban properties.
What USDA Loan means
It requires no down payment, has lower mortgage insurance than FHA, and limits eligibility by geography and household income. Many surprisingly suburban areas qualify.
Florida example
A Florida buyer in an eligible area of Pasco or Highlands County buys with $0 down through USDA, provided household income is under the county limit. It's one of the few true no-down programs.
What it is
A USDA loan offers no-down-payment financing in eligible rural and suburban areas. It is backed by the U.S. Department of Agriculture.
It also tends to carry low mortgage insurance costs.
Who qualifies
You must 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 can buy with 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.