How this mortgage path is commonly used
USDA-guaranteed mortgages may offer no-down-payment financing for eligible primary residences when location, income, and program requirements are met.
Potential features
- Potential no-down-payment financing for eligible borrowers
- Fixed-rate primary-residence financing
- Eligible rural and some suburban areas
- Purchase and certain refinance options
Important considerations
- Household income limits apply
- The property must be in an eligible area
- Guarantee fees generally apply
- Processing and property rules differ from conventional financing
Common starting points
Eligible moderate-income householdsBuyers considering qualifying rural or suburban areasPrimary-residence purchases
A practical way to evaluate your options
01
Define the goal
Purchase, refinance, build, invest, or use equity.
02
Review the full payment
Include taxes, insurance, mortgage insurance, and association dues.
03
Prepare the profile
Income, assets, credit, property, and occupancy all shape available paths.
04
Complete underwriting
Only a complete application and underwriting can establish approval and terms.
Educational information, not a commitment to lend
Program availability, guidelines, pricing, and documentation requirements can change. Contact duPont Lending for information specific to your scenario.