USDA
Get USDA Financing
USDA loans are designed for eligible homebuyers with low to moderate income and are located in rural and suburban areas, as deemed by the United States Department of Agriculture (USDA). Just like VA (Veteran Administration) loans, USDA loans are government backed and offer great benefits and options to those who are unable to meet requirements and secure conventional loan options offered.
Program Requirements
- For low to moderate-income borrowers – limits vary by location and household size
- Property must be in a designated area approved for the USDA program
- Buyers must be approved for the mortgage payment including property taxes, homeowners’ and mortgage insurance
To see if you meet the requirements (income limits and designated area) for rural financing through the United States Department of Agriculture (USDA), you may visit here.
Explore if USDA financing or other available lending options can help you obtain homeownership by finding a George Mason Mortgage loan officer near you.
USDA Loan Benefits
- No down payment required
- Not limited to 1st-time homebuyers
- 30-year fixed rate terms
- Flexible credit & qualifying guidelines
- Gift funds allowed
- Seller may pay closing costs (or finance closing costs into loan)
- 100% financing, lower mortgage interest rates and insurance payment
Get Started on Your Journey Home
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