What Kind of Loan is a USDA Loan?

USDA Loans are only offered as a fixed-rate mortgage. This means that the interest remains the same throughout the entire life of the loan. Unlike a variable rate loan, the monthly payments on a USDA Home loan will always remain the same, allowing for easier planning and budgeting.

The interest rates on the loan are determined by market rates and can vary based on region or state. The payments can be spread out over a period of 33 years and typically are calculated based on a 30 year period, with payments being made on a monthly basis.

Starting a USDA Loan application is fast, easy, and best of all, free! Call 1-866-854-4242 to talk to a certified USDA Loan agent, or start the application on this page.