USDA Home Loans

USDA home loan program offering 100% financing and no down payment for eligible homebuyers in rural North Carolina and South Carolina.

USDA home loans are designed to help eligible buyers achieve homeownership in qualifying rural and suburban areas with affordable financing options. Backed by the U.S. Department of Agriculture, USDA loans offer qualified borrowers the opportunity to purchase a home with no down payment, making them one of the most affordable mortgage programs available. These loans are intended for primary residences and include flexible qualification guidelines for buyers who meet income and property eligibility requirements. Many communities throughout North Carolina and South Carolina qualify for USDA financing, allowing homebuyers to enjoy the benefits of homeownership while keeping upfront costs low. If you're looking for an affordable path to buying a home outside major city centers, a USDA loan may be an excellent option to consider.

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First-time homebuyers celebrating after closing on a USDA home loan with Carolina Home Financing in North Carolina or South Carolina.

  • A USDA loan is great because you don't need to make a down payment. You can buy a home without putting any money upfront. But keep in mind, that you'll still have to pay for things like closing costs and other expenses.

  • A USDA loan requires an appraisal to determine the home's value. This is done by a licensed appraiser and paid for by the borrower. The appraisal helps make sure the loan amount matches the home's value.

  • To get a USDA loan, most borrowers usually need a credit score of 640 or higher.

Congratulations to these new homeowners! It was a pleasure working alongside Realtor Alan Sussman and the Brady & Kosofsky team to help make homeownership a reality.

  • USDA loans aid low to moderate-income borrowers in buying a home. Eligibility relies on meeting income criteria based on location and family size.

  • USDA loans come with fees, which include an upfront guarantee fee and an annual fee. The upfront guarantee fee is usually 1% of the loan amount and can be added to the loan. The annual fee is typically 0.35% of the loan balance and is spread out into 12 monthly payments included in the borrower's mortgage payment.

  • USDA loans are meant to assist borrowers in buying homes in rural and suburban areas. To qualify for a USDA loan, the property you want to buy must be in a designated rural or suburban area. You can visit the USDA website to check if the property you're interested in qualifies.

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