USDA Home Loans

Make suburban or rural lands your home

Get 100% Financing

Your USDA home loan may cover up to 100% of the purchase price.

Enjoy Low Rates

Rates on USDA loans can be lower than conventional mortgages.

Live off the Land

The property you intend to purchase must be on USDA-eligible land.D

Make rural or suburban lands your home
Application Requirements

Qualify for a USDA home loan

Create an account in our online application platform. Here's what you'll need to apply for a US Department of Agriculture home loan.

  • Social Security number
  • Employer contact information
  • Estimated income, assets and liabilities
  • Details on the property you're interested in buying
Homeowners Insurance

Keep your home and your family safe

Get the right homeowners insurance to meet your family's needs.
Learn more about homeowners insurance
Down Payment Assistance

Let us help you down the path to homeownership

A modest income doesn't have to be an obstacle to buying a home.
Learn more about down payment assistance
FAQ

People often ask us

A USDA home loan is a special type of mortgage backed by the US Department of Agriculture. These mortgages are part of the USDA's Rural Development Guaranteed Housing Loan Program. With great interest rates and no down payment necessary, USDA loans make homeownership more affordable to people in rural areas who might not qualify for conventional mortgage loans.

Unlike most conventional mortgage loans, USDA home loans don't require a down payment. They do require mortgage insurance, but it differs from private mortgage insurance, or PMI, because it's capped at 1% of your loan amount and can be rolled into your loan. There's also an annual premium that's divided by 12 and added to your monthly payment.

To qualify for a USDA home loan, the house you're purchasing must be in an eligible rural area and your income needs to be below the eligibility cap for that area. Lenders will also consider your debt-to-income ratio, or DTI, and your credit score. Preferred borrowers will typically have a DTI under 43% and a credit score of 640 or above.

No. Homes purchased with USDA loans must be your primary residence, not a vacation or investment property. However, this doesn't mean you have to be a first-time homebuyer. Repeat buyers can also qualify for this unique mortgage program.

Subject to credit approval.

Not applicable in all states.

To be eligible for the USDA home loan, you must be purchasing a property in a rural area (as defined by the USDA) and you must meet regional income restrictions.

Links to third-party websites may have a privacy policy different from Ally Private Wealth and may provide less security than this website. Ally Private Wealth and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by Ally Private Wealth. Member FDIC and an Equal Housing Lender. icon: sys-ehl.