100% Financing
Qualified borrowers may be able to finance up to 100% of the eligible home's appraised value, subject to program and lender requirements.
USDA Home Loans
Homeownership with potentially 0% down.
USDA's Single Family Housing Guaranteed Loan Program can provide 100% financing for eligible borrowers purchasing an eligible primary residence in a qualifying rural area. Income, property-location and lender qualification requirements apply.
USDA Guaranteed Loans100% financing may be available
Property Eligibility MattersThe home must be in an eligible area
Missouri & KansasLocal mortgage guidance
Why Consider USDA
A USDA loan can reduce one of the biggest barriers to buying a home: the down payment.
The USDA Guaranteed Loan Program is intended to help eligible low- and moderate-income households purchase homes in eligible rural areas. It is not limited to first-time homebuyers.
Income Eligibility
Household income generally cannot exceed 115% of the applicable median household income for the area.
Eligible Rural Areas
The property must be located in an area USDA considers eligible. Eligibility is determined using USDA's property-eligibility resources.
Primary Residence
The borrower must agree to personally occupy the financed home as a primary residence.
USDA Loan Quote
Tell us about your home purchase.
Complete the form below so Juncture Mortgage can better understand your purchase plans, budget and financing needs before following up about USDA loan options.
Location is important.
Your postal code and property information help us begin evaluating whether USDA financing may fit your search area.
Income eligibility matters.
USDA household-income limits vary by area and household circumstances, so a full review may be needed.
A quote is not a pre-approval.
If you're ready to make an offer, complete the full pre-approval process separately.
USDA Purchase Loan Quote
Request your USDA loan quote
Tell us a little about yourself and the home you are looking to purchase.
USDA Loan Fees
USDA loans avoid a traditional down payment, but program fees still matter.
For the USDA Single Family Housing Guaranteed Loan Program, the current upfront guarantee fee is 1% of the loan amount and the annual fee is 0.35%, calculated on the applicable scheduled unpaid principal balance. The upfront fee can generally be financed into the loan, subject to program requirements.
Property EligibilityThe home must be located in an eligible USDA rural area.
Household Income LimitsUSDA Guaranteed borrowers generally must have household income at or below 115% of the applicable area median.
Primary Residence RequirementThe financed property generally must be personally occupied as the borrower's primary residence.
USDA Loan FAQ
Common questions about USDA purchase loans.
Can a USDA loan really have no down payment?
Yes. Eligible borrowers purchasing eligible properties may qualify for 100% financing through the USDA Guaranteed Loan Program.
Does the property have to be a farm?
No. USDA home loans are designed for eligible residential properties in qualifying rural areas. The property's location—not whether it is agricultural—is the key consideration.
Is USDA only for first-time homebuyers?
No. USDA Guaranteed financing is not limited to first-time buyers, although all borrower, income, occupancy and property requirements still apply.
Are there income limits?
Yes. For the Guaranteed Loan Program, household income generally cannot exceed 115% of the applicable median household income for the area.
Does USDA have mortgage insurance?
USDA uses an upfront guarantee fee and an annual fee rather than conventional private mortgage insurance. Current program fees are subject to USDA requirements and can change.
How do I know if a home is USDA eligible?
USDA provides a property-eligibility tool for checking addresses and eligible areas. A lender must also confirm that the borrower and transaction meet program requirements.
Could a USDA loan help you buy with less cash upfront?
Request a USDA loan quote or start the pre-approval process so we can review your income, purchase area and financing options.