USDA Loans

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What is a USDA Loan?

Growing in popularity, USDA home loans offer incredible benefits to borrowers looking to buy homes in rural areas. If you live in a small town or rural area situated in a location approved by USDA Rural Development, you may be able to purchase with as low as 0% down payment.

USDA Loans

USDA Loan Income Limits

The USDA Loan Guarantee is meant for low to moderate income families, and therefore has income limits based on family size.
Income limits differ by area. To check maximum income limits in your area, talk with an expert Mortgage Consultant.

USDA Property Eligibility

In order to qualify for the USDA loan, your property must be in an eligible area.
To learn which areas are eligible near you, call us to speak with a knowledgeable Mortgage Consultant in your area.

USDA Loan Limits

USDA Home loan limits can vary based on the area. They will reflect the market in the surrounding area, which can be higher in real estate markets like California and Hawaii and lower in parts of rural America.
We have specialized Mortgage Consultants who understand the markets in every area, including yours. Click here to find out the possible loan limits for you today!

USDA Home Loan Credit Score Requirements

This program allows FICO scores as low as 620. If you are unsure of your FICO score, give us a call.

What Are Some Benefits of a USDA Home Loan?


0% down payment


FICO scores as low as 620


30 year fixed rate mortgages


Purchase and refinance options available


And much more!

Contact an On Q Mortgage Consultant near you today to see if a USDA home loan is right for you!

Loan approval is subject to applicant’s qualification for a loan program. On Q Financial does not guarantee that each applicant will receive a loan. On Q Financial, Inc. is an Equal Housing Lender. NMLS 5645

USDA Loan Scenario

The following loan scenario is only an example. Actual amounts, fees, and rates vary depending on each individual borrower’s situation and additional factors. Loan example is based on a 30-year fixed USDA mortgage loan. Although down payment shown is 0%, additional funds may be due at closing. Amounts are based on a loan amount of $200,000, interest rate of 4.625%, APR of 5.261%, $2,847 due at closing and a monthly payment of $1,355.59. All amounts shown are estimates provided for educational and comparison purposes only and will vary for each loan. A USDA Guarantee fee will be charged and financed into the loan. The USDA Guarantee Fee is 1% of the loan amount and the USDA Annual Fee is 0.35%. The USDA Annual Fee is to be paid monthly as part of the mortgage payment. Income and geographic restrictions apply. Home-buyer education is required for this program. Program availability is subject to change without notice. This is not an offer for extension of credit or a commitment to lend. Additional restrictions may apply. On Q Financial, Inc. is an Equal Housing Lender. NMLS 5645

See if a USDA Home Loan is right for you

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