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Ready to start your home buying journey? Apply now and get pre-approved for your mortgage.
Purchase Rates
Know the rates, know your options. Start building your homeownership plan today.
Monthly Mortgage Calculator
Get a clear picture of your monthly mortgage payment using your rate, credit score, and down payment information.
Affordability Calculator
Not sure what fits your budget? This calculator factors in your income, debts, and down payment to help you find the right price range.
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Ready to lower your rate or tap into your equity? Apply now and start your refinance journey with confidence.
Refinance Rates
Rates can change fast. See today’s options and discover potential savings on your mortgage.
Refinance Mortgage Calculator
Wondering how refinancing will affect your monthly payments? See how much you can save.
Cash-Out Refinance Calculator
See how much equity you can tap into. Estimate your new mortgage payment and compare loan options.
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Calculators
Free, interactive mortgage calculators that can help you along the journey toward your home ownership goals.
Blog
Learn more. Stress less. Our blog breaks down what you need to know to buy, refinance, or plan ahead.
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Check out our FAQs to learn more about Total Mortgage, mortgage lending, home refinancing, and more.
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About
USDA 30-Year
<p class="MsoNormal">Loans backed by the USDA require as little as 0% down, and come with lots of other benefits.</p>
Benefits
No Down Payment
100% financing available, making homeownership more accessible.
Competitive Interest Rates
Often lower than conventional loans, with fixed rates available.
Flexible Credit Requirements
Minimum credit score of 640 suggested, but exceptions possible.
No PMI Required
Unlike conventional loans, USDA loans don't require private mortgage insurance.
USDA Loan Information
<p>USDA loans are designed to promote homeownership in rural areas. They offer unique benefits for eligible borrowers, but it's important to understand the different types and requirements. To learn more about USDA loans and check your eligibility, <a href="/apply">speak to one of our experienced mortgage experts</a>.</p>
Types of USDA Loans
<ul><li>USDA Direct Loans: For low- and very-low-income borrowers</li><li>USDA Guaranteed Loans: For low- to moderate-income borrowers</li><li>USDA Construction Loans: For building a home in an eligible rural area</li></ul>
USDA Loan Eligibility Requirements
<ul><li>Property must be in an eligible rural area</li><li>U.S. citizenship or eligible non-citizen status</li><li>Income within USDA limits for your area</li><li>Ability to afford mortgage payments</li><li>Decent credit history (typically 640+ score)</li></ul>
USDA Loan Property Requirements
<p>Properties must be owner-occupied primary residences, structurally sound, and meet USDA standards for safety and sanitation. They can include single-family homes, condos, townhouses, and even some manufactured homes.</p>
Pros and Cons of USDA Loans
<p>Understanding the advantages and disadvantages of USDA loans can help you make an informed decision about your mortgage options.</p>
Pros
<ul><li>No down payment required</li><li>Competitive interest rates</li><li>No PMI required</li><li>Flexible credit requirements</li><li>Can be used for home improvements</li></ul>
Cons
<ul><li>Limited to rural and some suburban areas</li><li>Income limits apply</li><li>Upfront and annual guarantee fees</li><li>Property must meet USDA standards</li><li>Longer processing times possible</li></ul>