USDA Home Loans
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USDA Home Loans
Location is everything. Purchasing a home in a rural area may mean you qualify for a mortgage loan backed by the USDA Rural Development program.
Loans for Rural Areas
The United States Department of Agriculture (USDA) provides fully-financed mortgage loans to eligible borrowers in specified rural areas¹. Designed to help home buyers with low-to-moderate income levels, USDA mortgage loans are guaranteed against loss by the federal government and offer many benefits to borrowers who might otherwise have difficulty obtaining a home loan.
Loans for Rural Areas
The United States Department of Agriculture (USDA) provides fully-financed mortgage loans to eligible borrowers in specified rural areas¹. Designed to help home buyers with low-to-moderate income levels, USDA mortgage loans are guaranteed against loss by the federal government and offer many benefits to borrowers who might otherwise have difficulty obtaining a home loan.
Benefits
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Great rates – interest rates may be lower than those for conventional mortgages
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No down payment – your mortgage loan may cover 100% of the home price
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Live off the land - Establish your homestead in a designated USDA-eligible land
Get Started
Take the first step in owning your new home
Unlock the door to owning a home with the help of Premier Bank. Use our helpful homebuying articles and mortgage calculators to prepare. When you're ready, our local mortgage lenders are here to help.
- Local mortgage lenders take the time to understand your needs
- We walk you through all the mortgage programs you may qualify for
- Help you understand the difference between mortgage and lending options
- Start the process to get pre-qualified or pre-approved
- Save your money with competitive rates and low closing costs
Want to learn more about the mortgage lending services at Premier Bank?
Give us a call or visit us in person at one of our Ohio, Indiana, Michigan, or Pennsylvania branches.
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Helpful Links
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How Much Home Can I Afford?
When buying a home, it’s important to have a realistic budget. Here are six factors to consider.
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Home Loan Application Checklist
Do you have what you need to apply for a mortgage? Our home loan application checklist makes it easy.
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Mortgage Calculators
Our mortgage calculators help you calculate monthly payments, consider terms and more.
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Disclosures
Offer of credit is subject to credit approval.
¹ To be eligible for the USDA home loan, you must be purchasing a property in a rural area (as defined by the USDA) and you must meet regional income restriction
¹ To be eligible for the USDA home loan, you must be purchasing a property in a rural area (as defined by the USDA) and you must meet regional income restriction