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111 Lending

LOAN SERVICES

USDA HOME LOANS

WHAT IS A USDA HOME LOAN?

USDA Loans are backed by the U.S. Department of Agriculture’s Rural Development Guaranteed Housing Loan Program and are available in eligible rural and select suburban areas. These loans can be used to purchase or refinance a primary residence with no money down and are designed for borrowers with moderate incomes, so income and location limits apply.

Key benefits include:

  • Discounted interest rates

  • Reduced mortgage insurance

  • Eligibility for manufactured homes

  • Seller contributions of up to 6% toward closing costs

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