What it is
Loans backed by the United States Department of Agriculture don't require a down payment. Lenders still review credit history — including non-traditional credit such as utility payments — and your ability to repay.
Who it may suit
Buyers purchasing in eligible areas who meet household income guidelines.
Potential advantages
- No down payment required
- Non-traditional credit history may be considered
Important considerations
- Upfront fee at closing and an annual fee apply
- Property location and household income limits apply
General eligibility factors
- Property location
- Household income
- Credit history and ability to repay
Program guidelines and limits change. Contact Matthew for current requirements — this page is general information, not a commitment to lend.