Overview
USDA loans are backed by the U.S. Department of Agriculture (USDA) and offered by private lenders like Freedom Mortgage. USDA loans make buying or refinancing a home more affordable for people who live in rural and certain suburban communities. They offer competitive interest rates, low down payments, low mortgage guarantee fees, and easier refinancing with the streamline program.
USDA Loans
- Competitive interest rates
- No down payments for many homebuyers
- Low mortgage guarantee fees
- No loan limits
- Minimum credit score often 640
USDA Streamline Refinances
- Competitive interest rates
- Easy credit terms
- Less paperwork and faster closings
- Low mortgage guarantee fees
Ask us what rate we can offer you
The rate we may be able to offer you is influenced by many things. Your interest rate may be affected by whether you want to buy a home, refinance a home, or get cash from your home’s equity with a USDA loan. Your credit score, your finances and income, as well as today’s mortgage market can also affect your rate. Freedom Mortgage may be able to offer you an interest rate that is lower – or higher – than rates offered by other lenders. Ask us today what rate on a USDA loan we can offer you.
Learn more about USDA loans
Our loan education articles answer your questions about how to buy a home or refinance a home.
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