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What is a USDA Loan?

A USDA loan is a mortgage option available to rural and suburban homebuyers. Guaranteed by the U.S. Department of Agriculture, USDA loans enables lenders like Freedom Mortgage to provide low-to-moderate income families the opportunity to purchase or refinance a home in areas outside of metropolitan locations. Freedom Mortgage home loan specialists can help you determine if you qualify for a USDA loan.

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Let Us Personalize Your Home Loan

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USDA Loan Benefits

A USDA loan makes homeownership attainable for those who may not be able to afford to buy a home otherwise. Here are some of the benefits of a USDA loan and USDA Streamline refinance:

  • No down payment
  • Competitive fixed interest rates
  • Lower Private Mortgage Insurance (PMI) than a conventional mortgage
  • Flexible credit scores
  • No appraisal, income verification or out-of-pocket closing costs if refinancing an existing USDA loan



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USDA Loan Eligibility

To be eligible for a USDA loan and USDA Streamline refinance you need to:

  • Be a U.S. citizen, a U.S. non-citizen national or a qualified alien
  • Live in a USDA determined eligible rural or suburban geographic area. Generally towns with a population of less than 20,000 qualify.
  • Meet income eligibility limits set by the USDA. These loans are intended for low to moderate-incomes.
  • Use the loan to purchase, build or refinance a primary residence.
  • Be creditworthy. While the USDA doesn’t set a minimum credit score, lenders may impose their own credit requirements.
  • Show a stable income with at least two years proof of income.
  • Ensure total debt does not exceed 41% of your income.



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What Our Customers Say

Check out the reviews from some of our customers.

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Contact Us

Get started today by getting a personalized evaluation of your home loan options from Freedom Mortgage.

877-220-5533