USDA Loans
2.1% Average Approved Rate

Based on a 600 or better credit score

USDA Loans: Requirements And Eligibility For 2022

Like USDA loans, there are other loan types that can be a good choice for qualifying borrowers looking for 0% down.

General USDA Overview

Who Are USDA Loans Best For?

USDA loans, also known as rural development loans, help make owning a home more affordable for those living in eligible rural and suburban areas and with household incomes within the USDA limits.

How Do USDA Loans Work?

USDA loans are backed by the U.S. Department of Agriculture, making them more accessible than other loan options.


You can get a USDA loan as a 30-year fixed-rate mortgage.


If you already have a USDA loan, you can refinance it into a new USDA loan; however, you can’t refinance with a USDA loan if you currently have a different loan type.

What Are The Qualifications For A USDA Loan?

o qualify for a USDA loan, you’ll need:

USDA Property Requirements

  • The home must be your primary home, not a vacation home or income property.
  • The property can’t be a working farm.
  • Your home appraisal must show the condition of the home meets USDA standards, including:
    • The water, electrical, heating and cooling systems must be up to date and functional.
    • The foundation and house need to be structurally sound.
    • The property must be accessible from a paved or all-weather road.

Take the first step toward the right Downtone Loans


USDA loans require no down payment, unlike FHA and conventional loans

The USDA monthly guarantee fee is lower than the FHA monthly mortgage insurance, in most cases, and you may be able to roll these fees into your loan.

You can qualify with a credit score as low as 640.

You may be able to roll your closing costs into your loan.

If you already have a USDA loan, you can refinance it into a new USDA loan.


Apply online and work at whatever pace is convenient for you.

Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.

We service 99% of our mortgages, so our great customer service continues after you close.

After you close your loan, you can manage your mortgage online without any hidden fees.

No prepayment penalties if you pay off your loan early.


Downtone Loans has been providing our clients with award-winning service for over 60+ Years. We service 99% of our loans, which means you’ll get the same care and attention throughout the entire life of your loan.