USDA/RD Home Loans
If you’re a rural homeowner (or want to be one), a USDA/RD loan could be a great choice for you.
What’s a USDA/RD Loan?
The USDA/RD loan is a mortgage program backed by the US Department of Agriculture (USDA). It helps eligible homeowners in rural areas buy or build a safe and affordable home.
This loan program can be used in most areas of Oklahoma outside of the Oklahoma City metro, Norman, and Tulsa.
The maximum income limit is $110,650 for families of 4 or less and $146,050 for families of 5 or more. (as of 1/1/2024)
Loan Facts You Should Know:
✓ This is the only loan program with $0 down for non-military members
✓ Can be used to finance 100% of the property, including closing costs and fees (which could mean no out of pocket for you)
✓ “Rural” can also include small towns and many suburbs but it CAN’T be used in the Oklahoma City metro, Norman, or Tulsa
✓ Minimum credit score is 620
✓ Low mortgage insurance rates (1%, which is lower than FHA loans)
✓ Can be used if you have a 0 credit score because you have not had time to build your credit yet
✓ Income limits DO apply (cannot make more than 115% of the median income in your county)
✓ Must be used for single-family homes
✓ No hidden fees or terms
How It Works
Own your dream home in three simple steps:
Step 1
Schedule Home Loan Coaching Session
Step 2
Get pre-approved for your mortgage
Step 3
Move into your dream home!
Wondering what happens during a Home Loan Coaching Session?
Visit our Coaching page to see a real Coaching Session.
Articles
Here are the answers to the most common questions we get from USDA/RD Loan candidates:
