Get the Best Interest Rates for Your USDA Home Loan

Compare USDA lenders. Who has the lowest interest rate?

Animated interest rate graphicUSDA home loans are available to buyers who meet certain income and credit requirements. The loans are available in rural and suburban areas, and they are designed to help low- and moderate-income buyers purchase a home.

USDA home loans are available in all 50 states, and they offer a number of benefits over traditional home loans. For example, USDA home loans offer a lower interest rate, and they also offer a lower mortgage insurance rate.

Additionally, USDA home loans are available to borrowers who have a low credit score. This makes the loans a great option for borrowers who may not otherwise qualify for a home loan.

If you are interested in purchasing a home, but you don't have the money for a large down payment, a USDA home loan may be a great option for you.

Interest Rates for a USDA home loan

The interest rates for a USDA home loan may be lower than the interest rates for a traditional mortgage. This is because the USDA home loan is a government-backed loan. The interest rates for a USDA home loan may be fixed or adjustable.

USDA Maximum Lending Amounts

Unlike most other mortgages, the USDA home loan does not have a lending cap. The loan amount is limited by the applicant's income and debt-to-income ratio.

USDA Down Payment

Did you know that USDA home loans do not require a down payment? USDA loans are 100% financing, and the seller of the house is permitted to contribute up to 6% of the sales price toward the borrower's closing and prepayment charges. USDA mortgages are the best home loan available because of the $0 down payment requirement, seller contribution, and below market interest rates.

Rotating question markFrequently Asked Questions (FAQs)

Q. Are USDA loans fixed rate?
A. The USDA Rural Housing loan is only available as a 30-year fixed-rate mortgage. 15-year fixed interest rate and adjustable–rate mortgages (ARM) are not available.

Q. Are USDA interest rates lower than FHA?
A. The FHA and USDA interest rates are similar. The USDA Direct loan program has very low interest rates.

Q. USDA loan rates vs. conventional
A. USDA loan interest rates are lower than conventional loan interest rates. The reason for the reduced interest rates is due to the federal backing.

Q. What is the minimum credit score for a USDA home loan?
A. USDA loans now requires a minimum credit score of 640 for automated loan approval. You may still be qualified for a USDA loan with a 620 credit score, but the loan will need manual approval by an underwriter.


In conclusion, it is important to shop around for the best interest rates when taking out a USDA home loan. By doing so, you can ensure you are getting the best deal possible on your mortgage. If you have any questions, be sure to consult with a mortgage broker or lender. Thanks for reading!