USDA Loans

The Low down on

USDA 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. This guide will help you figure out what these loans are and whether you qualify.Though the terms and details of these loans differ, all offer very 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 decent credit history.We’re here to 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 FREE USDA Loan Qualifier.We’ll help you clearly 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.
  • 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
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You ask, we answer

We know the mortgage process can be tricky. Here’s some questions people like you have asked us in the past.

Mortgage Advantage Lending is your online resource for personalized mortgage solutions, fast customized quotes, great rates, and service with integrity. We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way.

At Mortgage Advantage Lending, we are a diamond partner with the largest wholesale purchase lender in the country. That means we have the fastest turnaround time and the best platform to consistently close your loan. Our average closing time is 12 days.

We also have the resources to make your home-buying process seamless. Use our free decision-making tools and calculators, from pre-approval to home insurance quotes, to get the process going. You can do a home search, learn the value of your home, and calculate your payments right from our site.

Protecting your personal information is our top priority. We use bank-level encryption, and we’re constantly monitoring our site to make sure it’s secure. We won’t sell your data or use it for any other purpose than to help you get a mortgage.

Mortgage rates change daily and vary depending on your unique situation. But you will always get our best rates by starting your application online. You can see today’s rates and learn how rates are trending: get your free quote today!

Mortgage Advantage Lending is best for people who have a credit score of 620 or above and are ready to buy, sell, refinance, or build their dream home.

Do You Qualify?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “43/49.” This means that no more than 43% of your total monthly income (from all sources, before taxes) can go toward your new mortgage payment, and no more than 4 late payments.

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