down payment options

Thinking about buying a home?

Buy a home with 0% down and 100% financing

If you are buying a home that is in a USDA eligible location and make an average income or less you could qualify for a USDA loanSearch USDA eligible properties.

USDA Loans are less expensive than FHA loans because mortgage insurance (MIP) is a half a percent cheaper.

Low and Very Low-Income Homebuyers
Homebuyers Direct Loans
• Offered directly by USDA
• 33-year fixed interest rate (typical term)
• Applicant’s income must be below local low- or very low-income limits determined by USDA
• Payment assistance may be available

Moderate-Income Homebuyers
Guaranteed Loans
• Offered by lenders such as banks, and guaranteed by USDA
• 30-year fixed interest rate
• Applicant’s income must be below local moderate-income limits determined by USDA

USDA Income Limits

Below are the Adjusted Income Limits for the Washington-Arlington-Alexandria, MD Metro:

Direct Loans
1 – 4 person5 – 8 person
VERY LOW INCOME 38,10050,300
LOW INCOME60,95080,450
MODERATE INCOME102,350135,100
38 YEAR TERM47,30062,450
Single Family Housing Direct Loan
Guaranteed Loans
1 – 4 person5 – 8 person
VERY LOW INCOME 64,50085,150
LOW INCOME79,900105,450
MODERATE INCOME114,850151,600
Single Family Housing Guaranteed Loan

USDA Tradelines

For a USDA Loan, you must have a minimum of 2 tradelines with a 12 month history. Tradelines can be open, closed, and/or paid in full. Eligible tradelines can include but are not limited to: secured and unsecured loans, revolving accounts, installment loans, credit cards, collections, and charge off accounts.

USDA loans, USDA Loan credit

Important Links

Questions about USDA loans?

We’re here to help! Contact us.