About USDA Home Loans
The United States Department of Agriculture (USDA) gives out a variety of loans to help low- or moderate-income people buy, repair or renovate a home in a rural area. Some of the popular types of loans are: the single family direct homeownership loan, the single family guaranteed homeownership loan, the rural repair and rehabilitation loan or grant and the mutual self-help loan.
Though the terms and details of these loans differ, all offer low effective interest rates (some are as low as 1 percent) and don’t require a cash down payment. To qualify, you need to have a minimum FICO score.
We’re here to help make the USDA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our USDA Loan Qualifier.
We’ll help you see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The USDA Loan Process
Here’s how our home loan process works:
- Complete our simple USDA Loan Qualifier
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
*Pilgrim Mortgage LLC is not affiliated with or acting on behalf of or at the direction of the United States Department of Agriculture (USDA) or any government agency or government sponsored entity.