NMLS# 1606076

A USDA Loan is a mortgage loan that is insured by the United States Dept. of Agriculture. The USDA home loan program is available to qualified individuals who are purchasing (or refinancing) a home loan in an area (an area not considered a major metropolitan area by USDA).

  • Perfect for First-time Home Buyers
  • 100% Financing (including Closing Costs)
  • No Down Payment Requirements
  • No Prepayment Penalties
  • Low Rates
  • Existing Homes, Foreclosures, New Construction

Great for First-time Home Buyers

Benefits of USDA Loans

  • 100% Financing – you can buy a home with no money down. In some cases you can even finance your closing costs.
  • You can refinance your home up to 100% of its value.
  • Low Fixed Rate Mortgage Options.
  • They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
  • Easy Loan Process. No Loan Limit. No Acreage Limit.
  • There is No Prepayment Penalty.
  • You can use the loan to repair or add on to your home.
  • Flexible Credit Requirements.


Who is eligible for a USDA Loan?

Generally these loans are available to anyone who meets minimum credit guidelines and local area income requirements and is purchasing a home or refinancing their home in an area that is not considered a major metropolitan area by USDA.

To know more about USDA loans and whether you should apply for one, get in touch with us at Optima Lending.