USDA Guaranteed Mortgages do not require a down payment to qualified applicants. Qualified applicants can choose to make a down payment if they wish. Please refer to the Property Guidelines, Income Guidelines, and Credit Guidelines discussed on this site for an overview of the qualifications for USDA Financing. The intent of this site is to provide a basic informational overview of the USDA Guaranteed Mortgage Program. An applicant’s actual approval will be determined by an underwriter of an NMLS licensed lender. Not all applicants will be qualified or approved. USDA Guaranteed Mortgages are only offered as 30 year loans with fixed interest rates. USDA Guaranteed loans do not have Balloon payments. USDA Guaranteed loans do not have negative amortization.  

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