USDA Loans
Simplify your mortgage by optimizing your income, assets, and credit
USDA Mortgage Programs
Offered by the USDA, this program encourages home ownership in the rural communities. With no down payment required, it offers a great opportunity for homebuyers.
USDA Home Loans are a very popular program where it is available. Unfortunately, it is not available to everybody. The largest communities in Nebraska cannot offer this to borrowers. A standard guideline is if the community is greater than 20,000, USDA will not be available. To check a specific address, please visit the USDA website to know for sure.
Advantages of USDA Home Loans include:
- No Down Payment requirement
- Low-interest rates
- Competitive monthly payments
- Low monthly guarantee fee
- The closing cost may be financed on some transaction
- Reserves not required
- Property must be located in an eligible rural area
- Primarily for low to moderate-income borrowers
- Up to 6% of the purchase price in Seller Contributions
- Nontraditional credit may substitute for a lack of traditional credit history
- Maximum base loan amount up to 100% of the appraised value
- Visit the USDA website for maximum income requirements
If you have questions about USDA Home Loans, please contact us today, and we would be happy to assist you with any questions you have.
Local Loan Options
Nebraska Mortgage Options
Nebraska residents have several mortgage options available to them. Conventional mortgages, with low down payments. FHA loans, require a smaller down payment and are generally easier to qualify for. VA loans are available to eligible active-duty military personnel and veterans. USDA loans help borrowers in rural areas with low to moderate-income purchase homes. Additionally, Nebraska residents may be eligible for various state and local first-time homebuyer programs and down payment assistance programs.
Lincoln Mortgage Options
Residents of Lincoln, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. An FHA loan is also an option, requires a lower down payment, and is generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income home buyers. Additionally, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.
Omaha Mortgage Options
Residents of Omaha, NE can choose from a variety of mortgage options. Traditional mortgages are available with low down payments. FHA loans are also an option, require a lower down payment, and are generally easier to qualify for. VA loans are available to eligible active-duty military and veterans. USDA loans help rural low- to moderate-income homebuyers. In addition, Lincoln, Nebraska residents may be eligible for several state and local first-time buyer and down payment assistance programs.