USDA Loans

About Program

USDA loans offer 100% financing for eligible buyers in rural and suburban areas, with no down payment required. Backed by the U.S. Department of Agriculture, this program is designed to make homeownership more affordable for low-to-moderate income households.

Key features

$0 down payment required
Up to 100% financing
Lower rates than conventional loans
Max DTI: 41% standard, up to 60% with strong residual income

10% minimum down
Max 80% LTV
Primary SFR only
700+ FICO
43% max DTI
No secondary financing or gift funds
One borrower must have permanent residency
Series 1: Bank Statement

Income & property location limits apply
Primary residence only
At least one borrower must be an eligible veteran, active duty, or qualified spouse
Full doc income required
Gift funds allowed

Requiere to Disclose

Required to Underwrite

(in addition to above)

FAQ

How much down payment assistance can my clients receive?

With the DPA Program, your clients can access up to 50% of the required down payment on non-QM loans. This benefit allows you to structure deals with lower upfront costs, up to 20% lower monthly payments, and the ability for your clients to buy up to 25% more home without stretching their budget.

Which clients are eligible for the DPA Program?

The program is designed for borrowers with a minimum 700 FICO score, financing up to 80% LTV on primary residence single-family homes. You can submit either bank statement or full documentation loans, with a maximum 43% DTI, and it’s available nationwide, giving you broad flexibility to place loans.

How does the repayment work for my clients?

There’s no repayment required unless the property is sold or refinanced. With no lien and no secondary financing or gift funds needed, you can present a simple, competitive option that enhances your borrowers’ purchasing power and differentiates your offerings.