Mortgage Glossary
USDA Loan
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
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.
Related program: Learn more →
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