Ready to Apply? Tools Contact Us Academy Mortgage Loan Servicing About Us Loan Programs Homebuyer Education News Careers Find a Loan Officer USDA Rural Development Loans A USDA (U.S. Department of Agriculture) Loan may be a great option for you if: You’re a first-time or repeat homebuyer; and You want a 0% down payment; and You’re interested in buying or building a home in an eligible “rural area,” which includes many suburban areas fairly close to cities; and You’re a low- to moderate-income buyer. USDA Loan benefits and features: Borrower’s income: Can’t exceed the USDA Rural Development limits for the area. Down payment: Minimum is 0%. The one-time USDA guarantee fee can be included in the loan financing. Mortgage insurance is required. Credit score minimum is usually 620. Restrictions apply. Eligible properties include single-family homes, new construction, modular homes, planned unit developments (PUDs), and eligible condominiums. Gifts and grants permitted from family or government assistance agencies. Other requirements and conditions apply. CALL YOUR ACADEMY MORTGAGE LOAN OFFICER today for more information about USDA Loans. Ready to Apply? Find a Loan Officer Privacy Policy Licensing/State Info NMLS Consumer Access Website Complaints Terms of Service Equal Housing Lender | Corp NMLS #3113 ©2021 - Academy Mortgage Corporation. All Rights Reserved.