Making homeownership accessible to everyone
Zero Down Payment
Get approved for up to $548,250 with no down payment required.
Flexible Credit Requirements
USDA loans are accessible for credit scores as low as 640
Competitive Interest Rates
Enjoy lower interest rates designed to save you money.
Guidelines for This Loan
If your details are close to these guidelines, we encourage you to apply or contact us.
The Home
Must be in an eligible rural or suburban area and your primary residence.
Income Requirements
Household income must meet specific limits based on the area.
Credit and Debt
Flexible credit score requirements and manageable debt-to-income ratios.
No Down Payment Required
This program allows you to purchase a home without needing a down payment.
Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Do you have another question that isn't here?
What are USDA loans?
USDA loans are guaranteed and issued by the U.S. Department of Agriculture, designed to help low and moderate-income homebuyers in rural and suburban areas achieve homeownership.
What are the benefits of a USDA loan?
USDA loans offer competitive interest rates, require no down payment, and allow for flexible financing options. The USDA guarantee fee can be rolled into the loan, and sellers can contribute to closing costs, depending on the appraised value.
Who qualifies for a USDA loan?
USDA loans are available to buyers purchasing homes in designated rural areas, including single-family homes, condos, modular homes, and new builds. Applicants should have a credit score above 640 and meet the USDA’s income limits for their region.
Are there any special fees with USDA loans?
Yes, a 2% USDA guarantee fee applies, but it can be included in the loan financing, reducing upfront costs.
Can I receive assistance with the down payment or closing costs for a USDA loan?
Yes, USDA loans permit gifts or grants from family, friends, or non-profit organizations. In some cases, seller contributions can also cover lender fees and closing costs.
Is it possible to refinance an existing USDA loan?
Yes, homeowners with an existing USDA loan can refinance through USDA programs to potentially secure better rates or terms.
Can I refinance my USDA loan when interest rates drop?
Yes, USDA offers a streamlined refinancing option for existing USDA loan holders. This program helps homeowners lower their interest rates without requiring a new appraisal, making it a simple way to reduce monthly payments when rates are favorable.
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700 Oregon Families
Just Like Yours
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We’ll guide you every
step of the way home
1
Initial Consultation
Tell us what you’re looking for, and we’ll assess your needs.
2
Submit Your Loan Application
We’ll help you navigate the details with ease.
3
Get Pre-Approved
Feel confident in your search with pre-approval in hand.
4
Close and Move In
Enjoy your new home, with the right mortgage and total peace of mind.
Choose a Path to
Peace of Mind
Imagine a mortgage experience that’s smooth and reassuring, handled by a team that makes everything easy and transparent.
With DC Lending, you’ll get the support you deserve, from application to closing, so you can open the door to your dream home with confidence.
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