Better Mortgage Rates
Get Estimate

USDA Loans

USDA Loans

A USDA Loan is a government-backed mortgage designed for individuals buying or refinancing homes in rural or suburban areas. These loans offer 100% financing, meaning no down payment is required, and they include benefits like low fixed rates, no prepayment penalties, and flexible credit requirements. USDA Loans can be used for existing homes, new construction, or even refinancing up to 100% of the home’s value. They are accessible to many who meet income and credit guidelines, with no loan or acreage limits, making them an excellent option for eligible buyers.

Get Started

Key Benefits of USDA Loans

  • 100% Financing: Buy a home with no down payment, and in some cases, finance closing costs.
  • Flexible Uses: Can be used for new homes, foreclosures, refinancing, and even home repairs or additions.
  • No Prepayment Penalty: Pay off the loan early without extra fees.
  • Low Fixed Rates: Enjoy predictable, affordable mortgage payments.
  • Easier Qualification: With the USDA backing the loan, lenders face less risk, making approval easier.

Common Misconceptions

  • Not Just for Farmers: USDA Loans are available to anyone in qualifying rural or suburban areas, not just farmers.
  • Better than FHA or Conventional Loans: USDA Loans often have better terms, including lower rates and no down payment.
  • Available in Many Areas: Homes in many suburban areas near major cities can qualify as rural under USDA guidelines.
  • Easy to Qualify: USDA Loans can be easier to obtain due to government backing, similar to FHA loans.

Eligibility Requirements

USDA Loans are available to those who meet specific credit, income, and location guidelines. The property must be located in a USDA-designated area, typically outside major metropolitan regions.

For more information or to see if you qualify, contact us today or fill out our online application.

_These materials are not from HUD or FHA and were not approved by HUD or a government agency._

Looking for a USDA Loan?

Get Started Now
## Duane Buziak Mortgage Maestro

4860 Cox Rd
Glen Allen, VA 23060

804-212-8663

NMLS: #1110647

Quick Links

Licensing Privacy Policy Terms & Conditions Accessibility Statement NMLS Consumer Access My Google Page

Coast2Coast Mortgage, LLC NMLS: 376205 / Duane Buziak NMLS#1110647 / NMLS Consumer Access / Legal Disclaimer – This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the state of New York will be accepted through this site.

Do Not Sell or Share My Personal Information

Copyright (c) Duane Buziak Mortgage Maestro, Etrafficers, Inc and its licensors. All rights reserved.

Share:

More Posts

Jumbo Loan Requirements and Qualifications: The Real Numbers

Jumbo Loan Requirements and Qualifications: The Real Numbers

A jumbo loan exceeds the FHFA conforming limit, and its requirements and qualifications vary by investor rather than following one national rulebook. This guide breaks down typical credit score, down payment, debt-to-income, and reserve ranges, includes a monthly-cost worksheet with taxes, insurance, and PMI, and shows how to test eligibility without a credit hit.

Mortgage Guidance in Virginia: A Complete Roadmap for Homebuyers and Homeowners

7 Strategies to Choose Between a Fixed Rate vs Adjustable Rate Mortgage

The fixed rate vs adjustable rate mortgage decision trades payment certainty for a lower starting rate, and the right choice depends on how long you keep the loan, how much payment risk your budget can absorb, and your full monthly housing cost. This guide from mortgage broker Duane Buziak (NMLS #1110647) offers seven repeatable strategies, with hypothetical payment illustrations, to help you choose between a fixed-rate loan and an ARM with confidence.

7 Smart Ways to Maximize Virginia’s Free One-Year Temporary Mortgage Buydown Before June 30

How to Get Mortgage Pre Approval Without Hard Inquiry

This step-by-step guide from Duane Buziak (NMLS #1110647) explains how to get mortgage pre approval without hard inquiry by using a soft credit pull. It shows how to turn the results into a full monthly cost with a worked example, and when a hard pull becomes unavoidable, with guidance from CFPB and myFICO.

Self Employed Mortgage Approval: A Step-by-Step Guide for Virginia Business Owners

Rate and Term Refinance Explained: The Real Total Cost, Step by Step

Rate and term refinance explained through a worked total-cost example, a side-by-side comparison of refinance paths, and a break-even test. Learn how a new rate or loan length changes your monthly cost, and how long you need to keep the home before a refinance actually saves you money.

Send Us A Message