what is a usda loan program
A USDA Guaranteed loan is a home loan funded by an approved USDA lender under a specialized loan program administered by the United States Department of Agriculture. The programâs full name is the USDA Rural Development Guaranteed Housing Loan program. The best feature of a USDA loan is its 100 percent financing option. The qualifying requirements for a USDA Home Loan are similar to an FHA loan and much easier and forgiving than conventional loan programs.