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Ask us what USDA rate we can offer you!

The USDA rate we may be able to offer is personal to you. Your interest rate is affected by your credit score, income, and finances as well as the current mortgage market environment. Freedom Mortgage may be able to offer you a USDA rate that is lower – or higher – than the rate you see advertised by other lenders. Ask us today about our USDA rates!

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Overview Compare Rates
& Fees About GET PREQUALIFIED
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Overview

USDA loans are mortgages offered by private lenders and backed by the U.S. Department of Agriculture (USDA). USDA loans make buying a home more affordable with competitive interest rates, low down payments, and low mortgage guarantee fees. You can only buy a house with a USDA loan in rural and certain suburban communities however.

Use our mortgage affordability calculator to estimate how much you can afford to pay for a home based on your down payment amount, interest rate, and loan term.

Freedom Mortgage is a top 10 residential lender in the United States according to Inside Mortgage Finance, 2021.

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Competitive interest rates

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No down payments for many borrowers

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Low mortgage guarantee fees

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No loan limits

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How much home can you afford?

When you’re thinking about buying a home, figuring out how much you can afford is a great first step. Use our home affordability calculator to get an estimate!

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This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of buying a home, speak with a loan advisor at Freedom Mortgage.

You can afford homes up to {{firstNumber}}
With a monthly payment of {{secondNumber}}

Ask us what USDA rate we can offer you

The USDA rate we may be able to offer is personal to you. Your interest rate is affected by your credit score, income, and finances as well as the current mortgage market environment. Freedom Mortgage may be able to offer you a USDA rate that is lower – or higher – than the rate you see advertised by other lenders. Ask us today about our USDA rates!

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Is a USDA loan right for you?

USDA loans have many advantages for homebuyers in rural and suburban communities. To learn more about your mortgage choices, see our loan comparison below. Freedom Mortgage offers conventional, VA, and FHA loans as well as USDA loans. Also read our article comparing USDA vs. FHA loans.

USDA Loans

  • Only qualified rural & some suburban homebuyers are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance required

Conventional Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes, vacation homes, and more
  • Down payments required
  • Mortgage insurance required with down payment less than 20%
Learn more

VA Loans

  • Only qualified veterans, active duty military personnel, and surviving spouse are eligible
  • Can buy primary homes only
  • Down payments often not required
  • Mortgage insurance not required
Learn more

FHA Loans

  • All qualified homebuyers are eligible
  • Can buy primary homes only
  • Down payments required
  • Mortgage insurance required
Learn more

Looking for more detail?

Our full loan comparison table can help you decide.

Go now
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USDA loan fees and requirements

USDA loans help make homeownership more affordable for buyers in rural and suburban communities. You will need to complete an application and meet your lender’s credit, income, and financial requirements to get your USDA loan approved. You will need to pay closing costs too. Here’s what else you need to know about USDA loans.

USDA eligible homes

To buy a home with a USDA loan, it needs to be in an eligible rural or suburban community. Visit the USDA website to see if a house you want to buy is eligible for financing with a USDA loan.Learn about USDA eligibility

Credit score

We will probably check your credit score before we approve your mortgage application. Your credit score can affect the interest rate we may offer too.Learn about mortgage credit scores

Down payments

You can often use USDA loans to buy a house with a 0% down payment. Making a down payment can save money on interest and help you build home equity faster however.

Income limits

USDA loans have income limits for homebuyers which are determined by the state and county where you want to buy a home, the number of people in your household, and other factors. Visit the USDA website to see if you meet the income eligibility requirements.Learn about USDA income limits

Loan guaranteed fees

You’ll need to pay an upfront guarantee fee of 1% of the initial loan amount with USDA loans. You’ll also pay an annual guarantee fee equal to 0.35% of the average annual unpaid principal balance.

Closing costs

Closing costs for USDA loans can include lender fees, discount points, title fees, property taxes and homeowners insurance premiums as well as the upfront guarantee fee. According to Freddie Mac, homebuyers often pay closing costs between 2% and 5% of the purchase price.Learn about closing costs

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The Freedom Mortgage Difference

We are committed to making you a life-long customer with exceptional mortgages and exceptional service!

We’ll help you choose the right mortgage and work with you to make buying a home or refinancing easy. We'll also keep an eye on your rate and let you know when you can lower your payment or get cash from your home's equity.

We are thankful for our 1.5 million customers. It’s because of homeowners like you that we’ve grown over the past 30 years to become one of the top lenders in America.

We are proud to support veterans and service members with charitable work like raising $93,000 to buy school supplies for military families. We are also committed to fighting hunger in communities across the nation.

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