USDA Home Loans

USDA home loans are extremely popular because they are a no down payment mortgage program. USDA mortgages are sometimes called Rural Housing home loans because the property must be in a "rural area" to qualify, but the definition of rural is pretty liberal. There are only a few places in Northern Utah and Southern Idaho that don't qualify for a USDA home loan. 

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USDA mortgages require mortgage insurance, both upfront and monthly.

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There is a great refinance program available for individuals who currently have a USDA home loan. The USDA streamline refinance doesn't require a new appraisal or credit report, which eliminates a lot of hassle, saves money, and speeds up the refinance process.

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USDA Home Loan Options

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   0% down payment, 30 year fixed rate mortgage, 3.812% annual percentage rate (as of 1/9/2020)